"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
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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