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Maximize Your Retirement Savings: How to Get the Most Out of Your Social Security Benefits
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When it comes to retirement, one of the most common questions is, "How can I ensure my income lasts throughout my retirement?" After all, the last thing you want is to run out of money in the years when you should be enjoying retirement.
Many people debate whether to start their Social Security benefits at 65 or wait until 67 or even 70. While delaying benefits increases the monthly payment, the question becomes: What are you living on in the meantime? If you're tapping into your savings, that money is being spent down and won't be replaced.
In this episode of Wealth Creator Radio, certified financial planner Eric Heckman is sharing factors that can cause you to spend down your savings faster than anticipated, common Social Security mistakes, and strategies to ensure your money lasts as long as you do.
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