One anxiety is gnawing at people, but a suggested approach may help to calm nerves.
Bestselling personal finance author Suze Orman has often said that the very first enemy of wealth is fear.
"More than 90% of participants in the Schroders survey said they are well aware that if they wait until age 70 to start claiming they will receive the biggest possible monthly payment,"on her blog Sept. 28."A benefit that starts at age 70 is 76% higher than if you start receiving your payout at age 62."
"The worst-case scenario is that earned benefits would need to be cut by around 25% to deal with the cash shortfall," Orman continued."Now I am not suggesting a payout of just 75% is acceptable, but 75% is a lot more than zero. So let's keep that in mind."The ability to be patient can pay off
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