I Used to Say I'd Claim Social Security at 70. Here's What Made Me Change My Mind
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There's a reason older Americans are advised to claim Social Security strategically. Many retirees end up relying on those benefits for the bulk of their retirement income. So it's important to sign up at the right time, since your filing age affects the amount of money Social Security pays you each month.I, on the other hand, hope Social Security won't constitute most of my retirement income. I've been saving very diligently in a retirement account since my twenties in the hopes of building a substantial nest egg. So I hope to end up in a position where my Social Security benefits serve as bonus money more so than money that's needed to pay for things like housing and food.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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