Maximizing Your Social Security Benefits: Expert Insights and Average Checks

While delaying Social Security benefits until age 70 can lead to higher monthly checks and potentially maximize lifetime benefits, it's not without risks. Delaying benefits may temporarily reduce spousal benefits and leave less for heirs, and there's no way to predict if it's the best strategy for everyone. Coordinating claiming strategies with a spouse and considering the impact on retirement accounts are crucial, as collecting early to out-invest the growth in benefits comes with substantial risk.