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How to decide between spending savings now or delaying Social Security

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MarketWatch outlines a decision framework for retirees weighing whether to draw down savings earlier to delay taking Social Security, or to claim benefits sooner.

The outlet says one potential rationale for delaying is that claiming later can help preserve more of a retiree’s portfolio, allowing those assets to continue compounding.

MarketWatch also frames the choice as a trade-off between the timing of benefit receipt and the amount of savings that may need to be used before Social Security begins.

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