Maximizing Social Security

It's not surprising that so many Americans pick the wrong time to take Social Security. The largest percentage choose to file for Social Security at the earliest available age (62) even though each year they wait to file the payout will rise by 7-8% per year (plus inflation!). But because Americans are poor savers this is the only source of income for a fair number of retirees. Here's help in deciding when to receive benefits: Social Security benefits

Unfortunately, no matter at what age one begins to receive Social Security benefits there are costs to consider. Look here: Shrinking benefits