Why Waiting Until 70 Often Maximizes Social Security

The article weighs the pros and cons of claiming Social Security at 62 versus waiting until 70, showing that while early claims provide immediate income, waiting yields larger monthly benefits that typically surpass early withdrawals over a lifetime (with a break-even around age 80). For most, delaying to 70 offers the best outcome, though exceptions exist for those needing money now, facing health issues, or exploring investing early benefits—despite market risks and the program's solvency concerns.