Why Delaying Social Security Isn't Always Your Best Bet
Many seniors inevitably wind up relying on Social Security pretty heavily during retirement. That's because plans to build up a large nest egg can often go awry.
Just think about the way inflation wreaked havoc on consumers in 2022. Many workers no doubt cut back on IRA or 401(k) plan contributions this year due to inflation. But the reality is that in any given year -- or series of years -- you might run into a situation where you're unable to fund your nest egg. And that's why you may end up more dependent on Social Security than expected.
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Source Fool.com
