When it comes to maximizing your Social Security income in retirement, many tips may seem out of reach for middle-class Americans. Waiting until age 70 to claim benefits can result in a larger monthly check, equal to 124% of your standard benefits. However, only 10% of pre-retirees plan to wait until age 70 to claim their benefits.

Experts recommend waiting until your full retirement age (FRA) to claim Social Security benefits for a full check. If you claim early, as early as 62, you’ll face reduced monthly payments. Despite this advice, many retirees opt to claim benefits as early as age 62 to boost their income.

Nearly 39% of Americans rely exclusively on Social Security income in retirement, with two-thirds of seniors depending on it for over half of their income. This highlights the importance of planning and saving for retirement beyond just Social Security benefits.

Read more at Yahoo Finance: 4 Social Security Strategies Middle-Class Retirees Can’t Afford