For all of Social Security's solvency problems, Americans, who are notorious for claiming benefits early and therefore leaving lots of money on the table, are doing their part to sustain the program.

But the savvy and disciplined Americans who delay claiming till age 70 to maximize their benefits may also be undermining their retirement income.

Yes, you read that correctly. It is almost a cardinal rule among financial advisors that their clients (in good health) should delay claiming — even past full retirement age of 66 — to capture the 7 percent to 8 percent annual benefit increase that comes with each year's delay till age 70.

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