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Retirement Weekly: How much more you’ll get if you delay Social Security to age 70

This post was originally published on this site

I’m devoting this week’s column to a Q&A about waiting until age 70 to begin receiving your Social Security benefits.

The almost universal advice from financial planners, of course, is to wait, since your monthly benefit at age 70 will be 32% higher in inflation-adjusted terms than if you claimed at age of 66. But, as some of you have recently written to me to ask, this general advice leaves a number of specific questions unanswered. For example, is this larger benefit at age 70 dependent on continuing to work and pay Social…