Tag: retirement benefits
Abstract This study uses DYNASIM3, the Urban Institute’s dynamic microsimulation model, to examine the long-run effects of the Great Recession on the future retirement incomes of working-age individuals in 2008. It compares a baseline scenario that incorporates the historic and projected effects of high unemployment and lower wages from the recession with a no-recession scenario…
The brief’s key findings are: New rules enable one member of a two-earner couple to claim a Social Security spousal benefit at age 66 and then claim a higher retired worker benefit later. The most likely person to use this strategy is the higher-earning spouse, who can receive benefits while working without losing the gains…