How And Why I Delayed My Social Security Until Age 70

I’ve been well aware of the significant financial advantages of waiting to start my Social Security benefits until age 70, having written and researched about the transition into retirement for the past twenty years. But until my wife and I were actually approaching our retirement years, this awareness was just in my head—I didn’t have the first-hand emotional experience that results from having to wait for a significant source of retirement income.

Like many people, just having the knowledge about what’s best for me doesn’t always convince me to make the right decision. Over the years, I’ve learned about the importance of paying attention to my emotions surrounding important financial decisions. Here I’ll share how I waited for my Social Security benefits until age 70, as well as the reasons why.