Balancing Savings and Social Security

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Posted on August 19, 2021

Much has been written about the importance of building a financial nest egg for retirement, and many folks have taken advantage of accumulated savings to defer drawing their Social Security benefits and realizing growth in their eventual monthly benefits. Is that always a sound strategy? Well, as explained in a post by The Motley Fool’s Maurie Backman on Fox Business, it might not be, since it could end up leaving you short on ready cash. For perspective, consider her comment, “It pays to do whatever you can to leave your retirement savings alone, and look at other ways to scrounge up cash when you need it. That could mean getting a second job or selling items you can command decent cash for.” Read her post here…

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