How to earn $5,000 a year more in retirement

The steady path to a dream retirement

The steady path to a dream retirement

Many people expect their living costs to drop in retirement, and while this might be true in certain cases, it isn’t always. Healthcare alone can eat up a large chunk of the average retiree’s budget, while other expenses, like housing, food, and transportation can really add up.

Since there’s a good chance you’ll need every penny you can get as a senior, you should know that there’s a relatively simple way to pocket an extra $ 5,000 each year: Hold off on Social Security benefits.

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Personal finance news – CNNMoney.com

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