35 financial experts, including Suze Orman, Ramit Sethi, Peter Lynch and Mark Cuban share words of wisdom on saving, spending, investing, retirement and much more.
REASONS NOT TO DELAY “Insolvency concerns aren’t the only reason retirees file for benefits before age 70, says Michael DeMassa, a CFP with Forza Wealth Management in Sarasota, Fla. For some retirees, filing for benefits early enables them to postpone withdrawals from savings. Many retirees are reluctant to tap their savings, even if they have a significant nest egg. They “don’t like to see their assets drawn down, and that’s missed in academic studies,” DeMassa says.
