The Waiting Game: Why Delaying Social Security Might Be a Smart Move for Some Retirees The American retirement landscape has undergone significant changes since Social Security's introduction as part of a three legged stool supporting retirees.
Today, the median retirement account balance among 65 year olds is $103,202, and only about 18% of workers have a pension. This reality makes it difficult for many to rely solely on these traditional sources of income.
Patrick, a retiree with a $100,000 pension and $1 million invested, illustrates the complexities surrounding Social Security benefits.