Q & A
I retired at 58, work part time, and have a net worth of $1.3 million, including investments. When is a good time for me to collect Social Security?
First of all, congratulations on amassing a decent retirement nest egg and for continuing to work part-time as your retirement begins. Doing those two things puts you ahead of many of your peers when it comes to retirement preparation – and it’s smart to start thinking strategically about when to tap your Social Security benefits. Social Security can be worth hundreds of thousands of dollars throughout a lifetime, and for many people, it represents their only retirement income stream that’s designed to increase with inflation. Read more…
Source: www.thefiscaltimes.com, October 11, 2013
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