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I started collecting my S.S. this year at 68.5 years old. I am considering taking a loan, probably a home equity loan, in order to return the collected S.S benefits. Wait 1 year to start collecting my S.S. benefits when 70.4 years for maximum benefits. As I understand it the maximum benefits start at 70.4 and not the missunderstood 70 years since benefits are 3 months behind actual collections, and to pay off the loan within 5 years. Is it worth taking taking a loan to do this?

I'd appreciate your opinions.

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