Reported 1 day ago
Many Americans face significant retirement savings shortfalls, with many relying heavily on Social Security for their living expenses. To help bridge the gap, individuals can consider several strategies: working longer, delaying Social Security benefits to increase monthly payouts, increasing savings rates as they enter peak earning years, and lowering investment costs to maximize returns. Additionally, employing a flexible approach to portfolio withdrawals can help retirees manage their finances more effectively throughout retirement.
Source: YAHOO