Comment on Why Delaying Social Security Benefits Could End Up Costing You

Why Delaying Social Security Benefits Could End Up Costing You

Sometimes it pays to wait -- especially in regards to retirement. The average worker is falling behind on savings, with 46% of baby boomers having nothing at all saved for retirement, according to the Insured Retirement Institute.That's why it's often recommended that retirees delay claiming Social Security benefits for as long as possible to receive bigger checks.If you delay claiming until age 70, you can receive a boost in benefits of up to 32%.

 

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