So unless you come from a long line of centenarians, the case for holding off until 70 isn’t as compelling as that for waiting until full retirement age. Postponing longer makes no sense since you get no delay credit after 70.
The bottom line is this. If you’re in good health, have a family history of longevity, and don’t desperately need the money right away, at least consider postponing benefits until your full retirement age. It may be one of those rare times when procrastination pays.
Senior editor Walter Updegrave is the author of “We’re Not in Kansas Anymore” (Warner Books). To learn more about investing strategies, check out Ask Real Deal, Updegrave’s bi-weekly column.
