Why a 64-Year-Old Couple Is Spending Down a $1.4 Million 401(k) First and Letting Social Security Grow 8% a Year Until 70

Why a 64-Year-Old Couple Is Spending Down a $1.4 Million 401(k) First and Letting Social Security Grow 8% a Year Until 70 →

A 64-year-old couple has $1.4 million in a 401(k), no pension, and a plan that sounds backward to most of their friends: live entirely on the 401(k) until 70, then claim the maximum Social Security benefit. The question comes up constantly.…