Reported 2 days ago
Drawing down your 401(k) to delay Social Security benefits may seem wise as it increases monthly payouts, yet various factors must be considered. While a delayed claim can boost your benefit by up to 30%, withdrawals from your 401(k) can hinder potential investment growth. The decision ultimately hinges on personal circumstances, health, and market conditions. Consulting a financial advisor is advisable to navigate these complexities effectively.
Source: YAHOO