Filling the income gap if you delay Social Security
One of the questions frequently asked of retirement advisors is how does one maximize Social Security benefits. The quick answer is, of course, that delaying Social Security benefits past full retirement age – between 66 and 67 depending upon when you were born – will yield considerably larger payments, up to a maximum of 32% more. That’s a lot of extra cash in your benefit check, but the glaring question is, how do you fill the income gap created by delaying benefits? You will, after all, still need money even after you retire. This Forbes article by contributor Mark Dennis offers some suggestions on how to fill the income gap if you delay taking Social Security. Click here to read more.