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Waiting 12 months could make a huge difference
Among elderly Social Security beneficiaries, 12 percent of men and 15 percent of women rely on Social Security for 90 percent or more of their income. So, if you are those individuals who struggled to save during your working life, and it happens, you could end up more dependent on Social Security than you wish to be. But there is good news; if you are near retirement, there are ways to increase your Social Security benefits. Maurie Backman demonstrates how delaying claiming your Social Security by just one year could be the difference between struggling with bills and staying afloat. Read Ms. Backman’s article here…
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