I'm Planning to Claim Social Security at 70 -- but Not for the Reason You Might Think

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Retiring on Social Security alone could mean winding up being cash-strapped for years on end. In spite of that, many seniors inevitably reach retirement age without a lot of money in an IRA or 401(k). Meanwhile, people who are nearing retirement without much or any money in savings are often advised to delay their Social Security filings until the age of 70.