In the News

Income for Life

Laura Shin, Coastal Virginia Magazine

Abstract

Earlier this year, when Charles vonLindenberg was considering his retirement, he was certain he wanted to start his Social Security benefit when he was first eligible—at his current age, 62.

Even though he knew he would get a higher amount if he waited until, say, age 70, he had heard that Social Security might be at risk, and he didn’t think he had longevity on his side—he had worked a physically demanding job as a longshoreman for 42 years, putting in 72-hour weeks.