Retirees Can Lift Social Security 8% a Year to 70, Motley Fool Says
Updated
Updated · USA TODAY · Jul 3
Retirees Can Lift Social Security 8% a Year to 70, Motley Fool Says
2 articles · Updated · USA TODAY · Jul 3
Summary
Three tactics lead Motley Fool’s latest guidance for retirees facing inflation: keep some stock exposure, delay Social Security, and stay flexible on spending.
Stocks and broad-market ETFs can help portfolios outpace rising prices, while cash and bonds offer stability but may struggle to preserve buying power over time.
Social Security benefits rise 8% for each year a claim is delayed past full retirement age until 70, and larger checks also make future COLA increases more valuable.
The guidance also urges retirees to trim discretionary spending, postpone big purchases, or consider part-time work if inflation spikes again after the Iran conflict.