Below please find a link which is an informative social security bulletin on the merits of delaying your social security benefits from age 66 to age 70. The benefit will increase 8% if you were born after 1943, each year. With the loss in 2008 of an average 30 to 40% of balances in our respective retirement accounts, the strategy may be to work till age 70 and take advantage of the social security increase by waiting, and use the additional four years to build your retirement back.
http://www.socialsecurity.gov/mystatement/insert2.htm
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