Diana Pringle, chief executive officer at Wealth Advisors of the Great Lakes, says Social Security should be just one component of a retirement plan. On the other hand, you can increase your benefit if you delay Social Security until after your full retirement age. For those born in 1943 or later, your benefit increases by 8% every year you delay benefits until age 70. If your full retirement age is 66, that results in a 32% increase in benefits.
Be sure to stick with CBS Sports throughout the day for college football coverage from the opening kickoff onward. | CBS, CBSSports.
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