Can Claiming Social Security at 70 Take the Place of Retirement Savings? | The Motley Fool

Can Claiming Social Security at 70 Take the Place of Retirement Savings? | The Motley Fool


It’s important to save for retirement so you have enough money for a comfortable lifestyle once you stop working. Unfortunately, though, many people find it difficult to save for retirement and end up closing out their careers with little to no money socked away.

If you’re struggling to fund a retirement account, you may be planning to delay your Social Security claim for larger monthly checks. The idea is that getting more Social Security could be enough to compensate for not having money in an IRA or 401(k).

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