Investment Return From Delaying Social Security? Sure Beats TIPS
A lot of people claim their Social Security benefits at the earliest possible age of 62. Social Security Administration data which I’ve worked with showed that 50% of beneficiaries in 2004 had done this. Though I don’t know what that number is today, I hope it is decreasing. That’s because there is a growing recognition that delaying Social Security can be a very effective strategy to extend one’s nestegg in retirement. Let me explain the basic logic of how this works.
Pfau, Wade, "Investment Return From Delaying Social Security? Sure Beats TIPS" (2014). Faculty Publications. 132.