If you've managed to save $1 million for retirement, congratulations. Based on the average annual nondiscretionary expenditures in the United States for a single person, that money could last you for.
If you are nearing retirement age, you might be wondering when to start drawing Social Security benefits. Social Security: Whether You're 62, 65, 67 or 70, Here's Why Your Age MattersSee: 3 Ways To.
If nothing is done to change course, Americans on Social Security may see their monthly benefits drop by 25% in the years ahead. That's because the Social Security trust fund reserves could become.