21% of Pre-Retirees Are Making This Move That Could Boost Their Social Security for Life. But Is It the Right Move for You?
No matter how diligently you try to save for retirement, you may end up pretty reliant on Social Security to cover your senior living expenses. If so, you won't be alone. But if that's the case, you may be eager to do everything in your power to get more money out of the program.
In a recent MassMutual survey of Americans ages 40 and older, 21% of pre-retirees cited plans to delay Social Security. And 18% of current retirees say they went that route already.
Delaying your Social Security claim could very well result in a boosted monthly benefit for life. But whether that move makes sense depends on your personal circumstances.
Source Fool.com
