In the News

Title

Pinching pennies on Social Security? Maybe not

Authors

On Wall Street

Document Type

Article

Publication Date

5-3-2017

Abstract

A study by the Investment Company Institute and the IRS shows that retirees saw about 3% increase in after-tax expendable income after they started collecting Social Security benefits, according to this article from USA Today. Expendable income for those in the lowest income groups increased 29% on average, the study found.