Delaying Social Security benefits until 70 is often touted as a strategy to maximize lifetime income. However, this path comes with trade-offs, including potentially dying earlier, needing to draw more heavily on your retirement savings while you wait, and the risk of future benefit cuts. These concerns might explain why few people opt to wait for a bigger check. While economists generally recommend waiting, the reality is that most Americans don’t. In 2022, about 10% of retirees claimed Social Securit ...