The playbook for filing for Social Security has been turned on its head. What worked for previous generations could end up costing you a small fortune.
One reason is the growing financial struggles with the Social Security Trust Fund, which is projected to run out of money in less than 10 years. Ultimately, this could mean a significant cut in your benefits.
Another issue? Changes with required minimum distributions on your IRA and 401K. Believe it or not, this could also impact the taxes not just your retirement accounts, but on your Social Security benefits too.
These are just a couple of reasons why the traditional rules for filing for Social Security no longer apply today. Learn more by listening to this episode of Retirement Solutions Radio!
