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Feb 21, 2022

When is really the best time to file for Social Security?

Also today: The BBC reports on how a data leak has put Credit Suisse on the defensive. Also, some new data indicated some rural communities that could be left behind in the infrastructure bill.

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In this photo illustration, a Social Security card sits alongside checks from the U.S. Treasury on October 14, 2021 in Washington, DC. The Social Security Administration announced recipients will receive an annual cost of living adjustment of 5.9%, the largest increase since 1982. The larger increase is aimed at helping to offset rising inflation.
In this photo illustration, a Social Security card sits alongside checks from the U.S. Treasury on October 14, 2021 in Washington, DC. The Social Security Administration announced recipients will receive an annual cost of living adjustment of 5.9%, the largest increase since 1982. The larger increase is aimed at helping to offset rising inflation.
Kevin Dietsch/Getty Images

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  • How patience can pay off when it comes to filing for Social Security

    by Nova Safo, Chris Farrell, Rose Conlon and Alex Schroeder
    In this photo illustration, a Social Security card sits alongside checks from the U.S. Treasury on October 14, 2021 in Washington, DC. The Social Security Administration announced recipients will receive an annual cost of living adjustment of 5.9%, the largest increase since 1982. The larger increase is aimed at helping to offset rising inflation.
    Kevin Dietsch/Getty Images

    Waiting until age 70 to file for Social Security means a roughly 76% boost to benefits.

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When is really the best time to file for Social Security?