"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: