Ultimate Retirement Guide
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What people regret the most in retirement

Social Security

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Drawing Social Security too early

Most financial advisors agree that waiting as long as you can to claim Social Security benefits is the best plan for retirees that can do so.

Read MoreWhen you should file for Social Security benefits

"From my perspective, most people are better served waiting until closer to 70 to activate Social Security benefits," said Flurry. "The difference in payout even from age 68 to 70 is often as much as $1,000 per month. So, with life expectancies continuing to expand and the option to take half of the benefits paid each month as a surviving spouse, getting the most money for the longest period of time seems to make the most sense for someone in reasonably good health."

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