January 10, 2014

Don't Rush to File for Social Security

"Deciding when to claim Social Security benefits is one of the most important retirement moves you will make. Social Security is by far the largest retirement asset for all but the wealthiest Americans, and the only source of guaranteed lifetime income - with incredibly valuable annual inflation adjustments.
And most of us are flubbing it" according to researchers at the business schools of the University of California at Los Angeles and Duke University, as reported by Mark Miller. The researchers "concluded that suboptimal Social Security claiming is most often tied to incorrect expectations about longevity and misunderstandings about risks and fairness issues in the Social Security system." Read this brief article and ponder your own attitudes about Social Security: 
http://www.reuters.com/article/2014/01/07/column-miller-socialsecurity-idUSL2N0KC0O220140107

1 comment:

  1. Social Security funds are what we all look forward to after retirement. It is another contribution we need to pay for just like tax. While we need to pay for our Social Secutiry contribution, we have a choice to let expatriate tax services to prepare our tax and even lessen what we have to pay.

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