Should You Take More Money Out of Your 401(k) Up Front to Delay Claiming Social Security?
When you retire, you have a choice to make. You'll have to decide if you want to claim Social Security benefits right away or if you want to wait to start getting your checks to receive a larger benefit amount.
Of course, you need income to live on as a retiree as soon as your paychecks stop coming in. So if you decide to delay your Social Security benefits, this would likely mean taking more money out of your 401(k) so you have enough cash to cover the basics and perhaps enjoy life a little.
But is it a good idea to take money out of savings to delay filing for Social Security, or would you be better off claiming your benefits ASAP to preserve your nest egg?
Source Fool.com
