Tag: full retirement age

Illustration of a brain

Social Security supplies a substantial share, and often the majority, of a retiree’s income. For these older workers delaying signing up for their benefits is often a smart strategy. For every year they wait, the delay will increase the size of their monthly checks by 7 percent or more. But, as researchers Suzanne Shu and…

Silhouette of scale with coins

The debate about Social Security has begun.  That’s perfectly appropriate.  The system is running a 75-year deficit, and the assets in the Trust Fund, which are temporally filling the gap between revenues and promised benefits, are projected to be depleted in 2035.  After they are depleted, revenues will be sufficient to cover only about thr…