Wealthy clients who have no immediate need for Social Security benefits at retirement often choose to delay taking them until age 70 or beyond. This article discusses the tax advantages and disadvantages of this strategy. While wealthy individuals can afford to wait for the maximum benefit, several factors should be considered, such as earned income limitations, impact on survivor benefits, longevity concerns, investment return expectations, and cash flow needs. Delaying Social Security until age 70 allows for an 8% increase in benefits annually, resulting in a higher payout. However, benefits do not increase after age 70. Clients should also consider the impact on their spouse's benefits, as well as their own health and family medical history. Ultimately, the decision to delay Social Security should be based on individual circumstances and long-term financial planning, as it can have a significant impact on a wealthy couple's overall retirement income.