From Yahoo Finance: 2025-06-07 07:31:00

Delaying Social Security benefits by drawing down your 401(k) may seem smart, but consider all variables. While waiting can increase your payout by roughly 30%, factors like investment growth, longevity, and tax implications should be weighed. For some, taking benefits early may be more beneficial. Consult a financial advisor to determine the best strategy based on your unique situation. Ultimately, the decision should align with your goals and financial outlook. Plan wisely to maximize retirement income and ensure financial security in the future.



Read more at Yahoo Finance: Is opting to draw down my 401(k) first to boost my Social Security checks a shrewd move or boneheaded choice?