Introduction
Retirement is a significant milestone in one’s life, marking the end of the working years and the beginning of a new chapter. While it is crucial to have a solid investment strategy for retirement, it is equally important to consider other aspects of retirement income planning. Beyond investments, there are other sources of income and factors to consider that can help ensure a comfortable and secure retirement.
Social Security Benefits
One of the key sources of retirement income for many individuals is Social Security benefits. It is important to understand how these benefits are calculated and when it is best to start claiming them. Delaying the start of Social Security benefits can result in higher monthly payments, so careful consideration is necessary.
