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The Best Reason to Take Social Security Long Before Age 70

Sam Swenson, CFA, CPA, The Motley Fool
·3 min read
The Best Reason to Take Social Security Long Before Age 70

The decision to take or delay Social Security is dependent on your total financial picture. For every year you delay taking Social Security, your benefits will increase by about 8% until you turn age 70. It may take until your early 80s to make delaying Social Security "worth it," and if you are not well, it's smart to begin the payments sooner.