Tag: postpone Social Security
Retirees who postpone collecting Social Security from age 62 to 66 – the full retirement age for most baby boomers – get around a third more in their monthly checks. Delaying to 70 increases it even more. There’s one problem with this strategy. Many people want to retire well before they turn 66. But ther…
Introduction The Social Security Trustees have just issued their 2006 Report on the financial outlook for the system. The Report uses three sets of cost assumptions — high, low, and intermediate. This brief focuses on the intermediate assumptions and puts this year’s numbers in perspective……