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— - 1 Deb Boyden - 1 Larry Kotlikoff - 1 David Altig - 1 Victor Yifan Ye - 1 Kotlikoff - 1
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Search resuls for: "Larry Kotlikoff"


2 mentions found


☆ Just 10% plan to wait until age 70 to claim Social Security, survey finds. Why experts say it's often best to delay
  + stars: | 2023-08-08 | by ( Lorie Konish | ) www.cnbc.com   time to read: +3 min
Maryviolet | Istock | Getty ImagesResearch suggests it's best to hold off on claiming Social Security retirement benefits until age 70, if possible, to get the biggest monthly payments available to you. That includes 17% of respondents ages 60 to 65, who may be on the brink of retirement, according to the results. Why it pays to wait to claim Social Security benefitsEarly claiming will affect the size of your monthly Social Security checks. For each year delayed past full retirement age to age 70, 8% is added to Social Security benefits. By waiting up to age 70, retirees can lock in the biggest benefit checks available based on their work records.
Persons: —, Deb Boyden, Larry Kotlikoff, David Altig, Victor Yifan Ye, Kotlikoff Organizations: Istock, Getty Images Research, Social, Security, Social Security, Social Security Administration, Boston University, Federal Reserve Bank of Atlanta, Opendoor Technologies, Finance
☆ Wait until age 70 to claim Social Security: 'The return on being patient is huge,' says economist
  + stars: | 2023-02-01 | by ( Lorie Konish | ) www.cnbc.com   time to read: +4 min
"The return on being patient is huge with Social Security," Kotlikoff said. Why it pays to wait to claim Social SecurityEligibility for Social Security retirement benefits starts at age 62 for workers who have earned 40 credits, or 10 years of qualifying work. Those contributions count toward the Social Security retirement benefits workers may claim later in life. For each year delayed past full retirement age, 8% is added to Social Security benefits. The return for waiting to claim Social Security benefits may also beat stock market returns, which are highly risky, Kotlikoff noted.
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