This Is the Average Social Security Benefit for Age 70

If you're looking to maximize your income in retirement, delaying Social Security benefits until age 70 is one of the simplest and most effective ways to do so. Age 62 is the earliest you can file, but for every month you delay benefits past that age, you'll receive larger monthly payments. By waiting until age 70, you'll receive the maximum possible benefit, based on your work history.In many cases, the difference between claiming at 62 and 70 can amount to hundreds of dollars per month. Here's the average benefit at age 70 and how it compares to the average at other ages.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool