Delaying Social Security benefits until age 70 can result in higher monthly checks for life. Your full retirement age is 67 if born in 1960 or later. Waiting past full retirement age to claim benefits increases them by 8% each year. However, claiming at 62 can reduce monthly benefits by 30%. Consider your health and financial situation when deciding on the best time to claim Social Security. Some may prefer to claim earlier to enjoy the money sooner and rely more on retirement savings. It’s a personal decision based on individual circumstances. Explore “Social Security secrets” to maximize benefits for a more secure retirement.

Read more at Nasdaq: 2 Reasons I’ll Be Taking Social Security Long Before Age 70