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If you can afford to wait until age 70 to claim Social Security benefits, itâll pay off. Thanks to what the Social Security Administration calls âdelayed retirement credits,â benefits increase 8 percent each year you delay tapping into Social Security â up till age 70. So waiting until you reach 70 means about a third more income for life. [link widoczny dla zalogowanych] Disclosure . We pay our reviewers and we are compensated for our reviews. Click here for details.
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