Check out the 5 Reasons You Must Check Out Before Claiming Social Security By Age 70.

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The "full retirement age" for most Americans is now 67, so you can file for benefits as early as age 62.

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The sooner you claim benefits, the lower your payout. But what are other reasons to wait until age 70 to file?

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1. Weight of 70 can benefit you a lot.

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2. If you strongly expect to live a long life.

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3. There is also the expectation that your spouse is already receiving Social Security.

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4. Do you have other assets.

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5. If you are still working.

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The longer you wait to claim Social Security, the bigger your monthly check is going to be. But even waiting has a price to pay.

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Since almost no one knows how long they'll live, you'll be taking a definite gamble by waiting to file.

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Next steps

Check out the 5 Reasons You Must Check Out Before Claiming Social Security By Age 70.

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