Retirees Worried About Possible Social Security Cuts Risk Making Matters Worse if They Do This
It sounds like a good idea until you actually look at the math.
Overview
When you were younger, you might have thought of retirement as a time of freedom, a reward after a long career. But now you're there, and it feels anything but rewarding. You're living on a fixed income with no idea how long that money has to last you, and you're scared that Social Security will be cut by 22% in just a few years.
You might think your best play is to sign up as soon as you can to lock in your benefit amount before potential cuts take effect. But that could actually make things much worse for you in the long run.
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Details
Source
Originally published at www.fool.com.
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