Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income

Experts urge delaying Social Security claims beyond the earliest age of 62 to increase retirement benefits, despite common fears of the program's potential insolvency. A recent report shows Social Security is still viable, with funding from payroll taxes continuing even if trust funds deplete. Most retirees claim benefits early due to financial needs or misconceptions about the program's stability, missing out on significant increases by waiting until full retirement age or later.