She'll File for Social Security at 70 and Say Yes to the Six-Month Lump Sum. The $21,000 Check Will Cost Her $130 a Month for Every Month She Lives

She'll File for Social Security at 70 and Say Yes to the Six-Month Lump Sum. The $21,000 Check Will Cost Her $130 a Month for Every Month She Lives

A Social Security representative hands her a check for tens of thousands of dollars, and most retirees say yes without hesitation. But for someone who waited until 70, that single decision can quietly drain her household's income for every year she and her spouse remain alive.

She’ll File for Social Security at 70 and Say Yes to the Six-Month Lump Sum. The $21,000 Check Will Cost Her $130 a Month for Every Month She Lives

The post She’ll File for Social Security at 70 and Say Yes to the Six-Month Lump Sum. The $21,000 Check Will Cost Her $130 a Month for Every Month She Lives appeared first on 24/7 Wall St.. Imagine you are in a position to have a full retirement age of 67, and you have held off the whole way. This…