Faculty Publications

Title

Getting Paid To Wait: Increase Your Social Security Benefits

Document Type

Article

Publication Date

1-12-2015

Abstract

Patience is a virtue, especially when it comes to retirement planning. Far too many people act impatiently when making retirement planning decisions. One area of retirement planning where there can be a clear economic gain by being patient is with claiming Social Security benefits. Social Security is the biggest financial decision that most Americans will make. William Meyer, Founder and Managing Principal of Social Security Solutions, echoes this point, stating “Don’t blow it. This is one of the most important decisions a retiree will make in retirement. Understanding the claiming strategy to maximize your benefits and how to coordinate Social Security with how you tap your savings can make your money last longer.”