What If You Don’t Really Need Social Security? - Motley Fool
Well, that certainly isn’t the case for most American seniors because, according to surveys, about half of all beneficiaries rely on Social Security as a “major” source of their retirement income, and for many as much as 90% or more of their retirement income. Nevertheless, there are some people who have done well in life, have accumulated a substantial nest egg, and have other income sources which make Social Security something that they’ve earned but really won’t depend on.
That is certainly a wonderful position to be in, but what kind of a Social Security claiming strategy should someone in that circumstance consider? As usual, the answer still lies in their personal situation and their propensity toward generosity, as described in this Motley Fool article by Maurie Backman. While when to claim should theoretically be an easy choice, the age to claim could still be a struggle for some. Click here to read more.