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- Title
Calculating Break-Even Ages for Delaying Social Security Beyond Normal Retirement Age.
- Authors
Muksian, Robert
- Abstract
The article focuses on the pros and cons of delaying receiving Social Security retirement benefits. Retirees have the option of retiring as young as 62 years old and must retire by age 70. The article analyzes three possible retirement scenarios for workers who decide to continue to work, but take benefits at the normal retirement age, which is between 65 and 66 years old. The paper looks at the options of: spending the after-tax amount of benefits; investing the after-tax amount; and invest the after-tax amount and then make monthly withdrawals from the investment beginning at age 70.
- Subjects
RETIREMENT planning; SOCIAL security; FIXED incomes; RETIREMENT; OLDER people; MANDATORY retirement; ECONOMIC security
- Publication
Journal of Financial Planning, 2006, Vol 19, Issue 3, p70
- ISSN
1040-3981
- Publication type
Article