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4 Ways to Bridge the Retirement Income Gap
(By - Penelope Wang, Money)
Think you can’t afford to delay taking Social Security once you retire? These steps can help.
If you’re on the verge of retirement, you’ve probably heard this Social Security advice: Delay claiming your benefit as long as possible, and it will increase by 7% to 8% each year you wait.
Great idea, except for one problem. Once you retire, how do you come up with enough money to live on until benefits kick in? Two-thirds of workers file before full retirement age—currently 66—and only about 2% wait until 70, when benefits max out. Read more…
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