Should You Wait To Collect SS

I do not typically recommend you wait until 70 to take Social Security. I’ve heard people say you should, that your benefits will accumulate and you’ll get a higher payout and more money over your lifetime. I think the people making this recommendation are academics who don’t live in the real world. Of course, by waiting you do get delayed benefit credits, which increase the amount of your benefit by 8 percent each year.

So,