Strange But True: Claim Social Security Now, Claim More Later

Source: Alicia H. Munnell, Alex Golub-Sass, and Nadia Karamcheva, Center for Retirement Research at Boston College, Issue in Brief, IB#9-9 , April 2009

The brief’s key findings are:
– One member of a two-earner couple can claim a Social Security spousal benefit at age 66 and then claim a higher retired worker benefit later.
– The most likely person to use this strategy is the higher-earning spouse, who can receive benefits while working without losing the gains of claiming later.
– If this strategy were widely adopted, it would cost Social Security about $10 billion per year.

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