Tag: Social Security benefits

Social Security Card: Senior woman holding card in hand on white background

Introduction Most married men claim Social Security benefits at age 62 or 63, well short of the age that maximizes the expected present value of the average household’s benefits.  That many married men “leave money on the table” is surprising.  It is also problematic.  It results in much lower benefits for surviving spouses and t…

Social Security Card: Senior woman holding card in hand on white background

Abstract Income tax provisions affect the buildup of retirement assets during workers’ careers and after-tax income following retirement.  This paper uses the Urban Institute’s DYNASIM model to simulate how potential changes in the tax treatment of retirement saving, Social Security benefits, and income from assets outside of retirement accounts may affect boomers’ retirement incomes.  Results…