Americans have the ability to claim Social Security anytime between ages 62 and 70. However, the most popular age for claiming benefits is 62 — as early as possible — and the vast majority of seniors claim at full retirement age or earlier. In fact, just 3% of Americans wait until age 70 to start taking benefits.
Although it’s certainly not the most popular option, if any or all of these three reasons apply to you, you may want to join the 3% and wait until 70 to claim your Social Security benefits.