Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Social Security and other Retirement Planning topics.
Many people look at the future of Social Security with worry. With the generation of “Baby Boomers” ready to face their golden years, many believe that there will be a tremendous burden on Social Security. One way that the government has decided to handle this is by raising the age of retirement. Seniors today are staying in the work force longer and choosing alternative means for retirement planning. The longer you wait before receiving Social Security, the larger your benefit will be.