The Unfortunate Truth About Claiming Social Security at Age 70

Most financial experts will tell you the best age to claim Social Security is age 70. However, applying blanket advice to your personal situation can be detrimental to your finances. That's especially true when it's a decision as important as when to claim your retirement benefits.Statistically speaking, the majority of retirees will maximize their lifetime benefits from Social Security by waiting until age 70 to make their claim. In many instances, though, waiting that long is far from optimal from both a financial standpoint and the standpoint of enjoying your retirement years.Here's the unfortunate truth about claiming Social Security at age 70.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool