Retiring in 2025? 5 Key Financial Moves to Make Before the End of 2024

Oct. 10, 2024 - The Motley Fool

You must wait until your full retirement age (FRA) to claim the full benefit you've earned based on your work history, though. You can also delay Social Security beyond your FRA and your checks will grow by 2/3 of 1% per month.

Those with serious health issues and those who cannot afford to cover their living expenses without Social Security benefit from early claiming. You may have discovered in the previous step that your Social Security checks won't go as far as expected.

This involves withdrawing 4% of your retirement savings in the first year of retirement and adjusting this amount for inflation every year thereafter...