Comments Posted to “Social Security: Delay or Take the Money and Run—Act II,” by Robert Muksian, Ph.D., May 2011 AAII Journal
If one spouse has a low primary insurance amount (or has not worked enough to claim Social Security benefits on their own earnings) and is the spouse with the longer life expectancy, it is likely advantageous for that spouse to claim spousal benefits at age 66, since spousal benefits do not accrue delayed retirement credits beyond full retirement age. Meanwhile, the spouse with the high primary insurance amount can delay retirement and accrue delayed retirement benefits in order to maximize the surviving spouse’s eventual benefits. The exact analysis needs to take into account both spouses’ income records, ages, life exp
Milton from New Jersey
This is an excellent article, thoroughly well-thought-out, that provides not simply the mechanics of how the Social Security Administration arrives at the benefit, but the factors that an individual should consider in determining whether to “strike early” and receive benefits, or withhold. What I particularly like is that the author did the math in determining an earlier distribution with regards to “opportunity costs” (i.e., receiving a return on current money received from Social Security).
Cliff from New Hampshire
To read more, please become an AAII member or CLICK HERE.