Should I Wait One More Year to Retire?
One of the most common and difficult questions anyone nearing their target retirement date faces is, “Should I wait just one more year to retire?” Retirement is a major life transition, and working an extra 12 months can profoundly affect both your financial security and your personal life.
In this episode of Retire Early, Sam Benson and Lynwood Freyer discuss the pros and cons of delaying retirement by just one year. They discuss how a final year of employment can boost your retirement savings, increase your Social Security benefits, and allow you to pay down remaining debt. On the flip…
The skinny
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