Infotrak

Matt Fellowes founder and CEO of United Income, a retirement-focused online investment management and financial planning company based in Washington, D.C. co-authored a report that found that only 4% of retirees sign up for Social Security at the most profitable time. He said this single mistake costs the typical American household an average of $111,000 in lost retirement income. He said that most people should claim Social Security later than they typically do, but he recommends seeking professional advice.