Full retirement age for Social Security is between 66 and 67 years old, depending on the year you were born. But eligible Americans can wait until as late as age 70 to start collecting their benefits, and you might be surprised at how much of a difference waiting can make. In this video, Certified Financial Planner® Matt Frankel explains how it works.

*Stock prices used were the morning prices of April 15, 2025. The video was published on April 16, 2025.

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The $22,924 Social Security bonus most retirees completely overlook

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income.

One easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Join Stock Advisor to learn more about these strategies.

View the “Social Security secrets” »

The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.