Carla Fried: Retiring early? Tap your 401(k), wait until 70 for Social Security

For all the advice that working longer is one of the best ways to shore up your retirement plan, it isn’t always practical. Even before the pandemic recession, which hit older workers hard, unemployment and illness caused many workers within a decade or so of 65 to stop working earlier than planned.

If you’re considering retirement earlier than expected, you have the challenge of creating a steady income stream that can support you through what may be a 25- to 30-year retirement.

Quite often, people link when they retire with when they “should” start claiming Social Security. Yet, if you retire in your early 60s and start Social Security,

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