The longer you delay Social Security benefits, the more you will receive when you tap into the program. A 55-year-old single mom knows this fact but faces a tough financial situation, and she wants to "hang on for the next 14 years" until she can collect higher Social Security benefits.
She has about $900,000 in her 401(k) but lives paycheck to paycheck. She also has a mortgage, HELOC, and auto loan. To top it all off, she is raising two teens and is nervous about the risk of getting laid off. The single mom shared her details on Reddit and turned to the community for advice.
