Should I Delay Social Security and Rely on My IRA for the Next 5 Years? I Have $500k and a Pension.
December 9, 2023
Retirement,Investing,Social Security
With $500,000 in an IRA and a pension, you may not need to immediately claim Social Security at age 62. By waiting until full retirement age at 67 or even 70, you can increase your monthly benefit by up to 24%. However, delaying Social Security means fewer cumulative checks over what could be a decades-long […] The post Should I Delay Social Security and Rely on My IRA for the Next 5 Years? I Have $500k and a Pension. appeared first on SmartReads by SmartAsset.