There’s a host of financial unknowns associated with retirement, and living on a fixed income leaves many seniors struggling to make ends meet.
Author: Maurie Backman, The Motley Fool
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Your golden years are apt to cost money, and if you want to live comfortably, you’ll need the income to support your desired lifestyle.
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Social Security is a key income source, and if you want to make the most of it in retirement, you’ll need to be strategic about when you file.
Planning to claim Social Security at 65? You may want to rethink that.
Though 65 is when Medicare kicks in, it’s not full retirement age for Social Security purposes. And not knowing that difference could hurt you in the long run.
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The better you plan for what retirement will cost you, the less likely you’ll be to struggle financially during it.