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Delay Social Security Claiming

John B. Shoven and Sita Nataraj Slavov, researchers for National Bureau of Economic Research, show that claiming Social Security benefits at a later age increases the present value of lifetime benefits for most individuals. Social Security retirement benefits can be claimed at any age between 62 and 70 years old, with delayed claiming resulting in larger monthly payments. (An individual who claims later is likely to receive benefits for a shorter period.) Read more.

 

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