With inflation hitting hard in areas like food, electricity, and fuel, it’s time to plan ahead.

This is because we know the problem is only going to get worse. For those nearing retirement age, they’re at a pivotal moment.

You could call it quits on full-time work now. But with prices expected to keep rising, staying in the workforce a little longer could help you earn that extra bit of income to tide you over for a comfortable retirement life.

What’s the solution? Should you wait to claim Social Security benefits for a few years?

It depends on the situation. If your work is something you can continue doing comfortably, it may be better to stay around a bit longer. Not only would you increase your income, but you’d also boost your benefits by waiting.

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