Padding your savings is a priority in this scenario, but there's another, complementary strategy to consider. It involves increasing your Social Security income. Higher Social Security income allows you to take lower annual draws from your retirement account. And taking less from your savings every year should help you stay solvent, longer.
Padding your savings is a priority in this scenario, but there's another, complementary strategy to consider. It involves increasing your Social Security income. Higher Social Security income allows you to take lower annual draws from your retirement account. And taking less from your savings every year should help you stay solvent, longer.
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