How to pump up retirement income by as much as 30%

Worried you won’t have enough for a comfortable retirement? If you’re willing to spend down your assets, as well as take a few other steps, you could boost your annual income by perhaps 30%.

Imagine a couple, both 62 years old. We’ll keep things simple and assume there’s just one breadwinner—and we’ll be politically incorrect and assume it’s the husband. They claim Social Security right away, even though they can’t receive full benefits for another four years. He qualifies for $15,000 a year and his wife is eligible for spousal benefits worth $7,000.

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Damian Sylvia

Managing Partner

Retirement Income Solutions