Social Security may end up becoming your most important source of retirement income. You might kick off your senior years with plenty of savings in an IRA or 401(k), only to see your nest egg gradually dwindle to the point where it's depleted.

Social Security, on the other hand, is designed to pay you a monthly benefit for life. So it's important to claim Social Security carefully since your filing age will dictate how much monthly income you're able to set yourself up for.

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Source Fool.com