When Should I Claim Social Security If I Have a Large Nest Egg?
Many seniors struggle with the decision of when to claim Social Security, and for good reason. A lot of retirees rely on those benefits as their primary income source, or as a major one.
But what if you don't have to depend too heavily on Social Security because you're sitting on a generous-sized nest egg? It may be that you started funding an IRA or 401(k) plan from a young age, and that you've been investing your savings savvily for many years.
If so, and you now have a multi-million-dollar nest egg at your disposal, Social Security might serve as a secondary income source -- and a more minor one at that. In that case, you really can't go wrong when choosing a filing age -- no matter which one you decide on.
Source Fool.com
