RT Journal Article
SR Electronic
T1 Practical Applications of Optimizing Social Security Benefits Is Still Complicated
JF Practical Applications
FD Institutional Investor Journals
SP 1
OP 8
DO 10.3905/pa.7.1.331
VO 7
IS 1
A1 William Reichenstein
A1 William Meyer
YR 2019
UL https://pm-research.com/content/7/1/1.6.abstract
AB In Optimizing Social Security Benefits Is Still Complicated, which appeared in the Winter 2019 issue of The Journal of Retirement, William Reichenstein and William Meyer (both of Social Security Solutions, Inc.) explain that despite recent legislative changes to Social Security, deciding when to begin receiving benefits remains a complicated issue. The authors provide 10 scenarios illustrating the complexity of this decision for retirees; these can be categorized as complications regarding oddities of the Social Security system itself, complications regarding simple retirement benefits, and complications regarding additional benefits (e.g., spousal, survivor). The authors detail how each aspect adds to the intricacy of determining when to file for benefits, and provide advice on how to optimize Social Security benefits in each scenario.TOPICS: Retirement, legal/regulatory/public policy, social security