Retirees Often Make This Major Social Security Mistake
by Michael Tove, CEP, RFC, President, AIN Services
Apr 18, 2018
4 minutes
Most people are aware of the advice "delay your Social Security until age 70." Many reject it because they created an Excel spreadsheet that seems to contradict it, or they think they won't live long enough to make it pay off, or because they just can't stand working past age 65 (or 66 or 67). In addition, they look at the idea of putting off taking Social Security by funding their living expenses with withdrawals from their IRAs or 401(k)s with disdain, because those accounts are 100% taxable upon receipt and they hate "giving money to Uncle Sam."
Unfortunately, for many people, the decision to start Social Security before age 70 and delay
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