Does it first refuse to compose 401 (k) my 401 (k) to check my social security?

It looks like a smart maneuver to delay the benefits of social security to delay 401 (k) on paper. After all, monthly benefit inspection is growing every year you can retire.

However, there are more than the size of the monthly payment. Here, and perhaps your financial advisor should take a closer look at all other variables that can affect your retirement income.

A simple calculation will believe that the best to assemble social security as long as possible.

After all, your monthly benefit checks can be about 30% higher until they retire, instead of retiring at about 62 years. Social Security Department.

However, this theoretical calculation is carried out in a vacuum and does not take into account any other factors.

Surprisingly, for some people, some people, for some people who receive social security, can be better choice when taken into account. By the end of life, your total payment may be higher from the day you retire. A better approach to make this decision.

In the simple calculation of the above, a complex (and key) factor that often deviates from the eye is the opportunity to have 401 (k) investments. Each dollar you have taken from this account is once a fewer dollars that can combine with interest payments or stock exchange.

In the past five years, Vanguard S & P 500 ETF has delivered one Annual growth rate increased by 15.85%. In other words, you will increase the nest egg for about 30% over two years, and you prefer social security.

Even if the exchange of the exchange is significantly low, it is 5% ink every year – the nest will be 30% larger than five and a half. In addition, if the shares are in a deep bear market when the shares reached the age of 62, it may not be the best time to sell your assets with difficulties.

To make 401 (k) monthly income for monthly income, it can be easier if you have a nest egg. However, if your assets are limited, it can be taken over a few years, as a result, you can feel compressed before you decide to take advantage of.