Doing this one thing with your Social Security could mean losing $100,000 in retirement

Doing this one thing with your Social Security could mean losing $100,000 in retirement

- in Featured, Income, Retirement, Social Security
1032
Comments Off on Doing this one thing with your Social Security could mean losing $100,000 in retirement

Retirees will lose an average of $111,000 in income per household because they took Social Security benefits too early into their retirement, rather than draw down on their own savings first, according to a new study released Friday from United Income, a technology wealth management company. At the end of their lives, they will have $68,000 less in estimated wealth because they claimed at the wrong age.

Read more at USA Today

You may also like

This retirement planning gap is ‘hidden in plain sight,’ Harvard professor says

For many people, retirement planning is all about money: how