Should I Start Drawing My Benefits Before Age 70 If I'd Already Be Eligible For The Maximum Amount?
I am waiting until I am 70, in 2 years, to claim my Social Security benefit to maximized it. My SSA statement says that my benefit at 70 would be $4025. I read that the maximum benefit for 2022 is $3895. Assuming that my projected benefit at 70 exceeds that maximum Social Security benefit, should I take my benefit before 70, (at around the point where I figure my benefit would equal the maximum amount)? It seems like waiting beyond that would not result in a higher payout.