Tag: claiming decision-making
If you’re approaching retirement, when you claim benefits is the most important financial decision you’ll likely make. The Social Security Claiming Guide sorts through all the options, spells out how much you can get, and answers frequently asked questions — all in a clear, easy-to-read, and colorful format. The companion brochure offers highlights of t…
Abstract In 1995, the Social Security Administration started sending out the annual Social Security Statement. It contains information about the worker’s estimated benefits at the ages 62, 65, and 70. I use this unique natural experiment to analyze the retirement and claiming decision-making. First, I find that, despite the previous availability of information, the Statement…
