Many Retirees Wish They Had Delayed Taking Social Security Benefits “MassMutual says a married couple that lives into their 90s but decides to begin their Social Security benefits at age 62 as opposed to age 70 could be leaving as much as half a million dollars on the table, or forfeiting $2,000 to $4,000 a…
Category: Social Security income
How safe is Social Security in a Republican-dominated Congress?
“There’s no way to predict with certainty what might happen to Social Security, but here’s what we know now,” by Matthew Frankel. “If you watch or read the news on a regular basis, chances are you’ve seen a headline or two to the effect of “Social Security is going broke.” If you’re a retiree collecting…
How to get 88 percent more from Social Security
Benefits of delaying Social Security retirement by Kelli B. Grant: “Someone who retires and begins claiming Social Security at age 70 would receive a benefit that’s 76 percent higher than the one he or she would receive at age 62. Factor in late-career earnings replacing a zero-income year and the increase becomes as much as…
Understanding Social Security: 35 years of earnings
While many Americans have strong opinions about Social Security, and too many people falsely believe that it won’t be there for them due to irresponsible media reports and irresponsible politicians, this blog attempts to educate people about the realities of Social Security. The Squared Away Blog from the Center for Retirement Research at Boston College,…