V.S. Modelling Agencies gives some insight on squeezing more from Uncle Sam with your social security. At a time when traditional pensions are falling by the wayside and many retirement accounts are still on the skimpy side, one of the best ways to boost retirement income is to do nothing at least when it comes to collecting Social Security. Waiting until age 66 instead of retiring early at 62 boosts the average monthly benefit by 33 percent; holding out until age 70 means a 76 percent increase compared with what an early retiree would get.
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