Is It Better to Collect Social Security at 62, 67, or 70? A Broad-Based Statistical Analysis Offers a Clear Answer.

Nearly nine decades ago, the Social Security Act was signed into law to forge a financial foundation for America's aging workers who could no longer provide for themselves. After all this time, Social Security remains a financial pillar for a majority of retirees.For more than two decades, Gallup has polled retirees and non-retirees every year to gauge how reliant they currently are, or expect to be, on their Social Security check. For retirees, between 80% and 90% count on their Social Security income, in some capacity, to make ends meet. Meanwhile, 76% to 88% of future retirees anticipate needing their Social Security check to cover some portion of their expenses.In other words, getting as much as possible out of Social Security isn't a luxury. For most Americans, it's an absolute necessity to retire comfortably.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool