This Social Security Move Is the Equivalent of Adding $144,000 to Your 401(k)
The average retiree can make a decision about Social Security that has the same impact on their income as investing almost $150,000 extra.
This Social Security Move Is the Equivalent of Adding $144,000 to Your 401(k)
Overview
Many people in the U.S. are nearing retirement with 401(k) accounts that are too small. If you're one of them, you may want to add as much extra money as you can to your plan, but it can be hard to make a meaningful impact on your balance when you're in your 60s already.
The good news is, you can make a Social Security move that's roughly the equivalent of adding $144,000 to your 401(k) -- and you can do it right when you reach your retirement age. Here's what you need to do.
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Originally published at www.fool.com.
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