TITLE

Calculating Break-Even Ages for Delaying Social Security Beyond Normal Retirement Age

AUTHOR(S)
Muksian, Robert
PUB. DATE
March 2006
SOURCE
Journal of Financial Planning;Mar2006, Vol. 19 Issue 3, p70
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the pros and cons of delaying receiving Social Security retirement benefits. Retirees have the option of retiring as young as 62 years old and must retire by age 70. The article analyzes three possible retirement scenarios for workers who decide to continue to work, but take benefits at the normal retirement age, which is between 65 and 66 years old. The paper looks at the options of: spending the after-tax amount of benefits; investing the after-tax amount; and invest the after-tax amount and then make monthly withdrawals from the investment beginning at age 70.
ACCESSION #
20444948

 

Related Articles

  • Redefining Retirement in Your Company. Durkin, Dianne // Business NH Magazine;Aug2007, Vol. 24 Issue 8, p20 

    The article reports on issues and topics related to retirement plans among senior employees in the U.S. A study showed that the percentage of people ages 25 to 54 working in their prime working years, is shrinking. It was also mentioned that 40 percent of workers retire earlier than actually...

  • Correction.  // Journal of Financial Planning;Sep2006, Vol. 19 Issue 9, p21 

    A correction is presented for the article "Calculating Break-Even Ages for Delaying Social Security Beyond Normal Retirement," by Robert Muksian.

  • Wrestling With Forced Retirement. Brandon, Emily // U.S. News & World Report;Jul2009, Vol. 146 Issue 6, p34 

    The article looks at forced retirement and presents several methods used to help people cope with the situation. Workers can find themselves unexpectedly forced into retirement and have their retirement plans altered. Life-altering events that can make people continue to work past retirement age...

  • Social Security Reform: Raising Retirement Ages Improves Program Solvency but May Cause Hardship for Some: T-HEHS-98-207.  // GAO Reports;7/15/1998, p1 

    Many of the proposals before Congress to mitigate Social Security's long-term financial shortfall of nearly $3 trillion would raise either the normal retirement age, currently 65, the early retirement age, currently 62, or both. Increasing retirement ages is expected to help alleviate the...

  • Effects of Retirement. Vejar, Cynthia // Effects of Retirement -- Research Starters Sociology;3/1/2016, p1 

    This article begins by contrasting the romanticized notion of retirement with the cold, ruthless realities that the elderly face, such as ageism and mandatory retirement, while they anguish over other matters such as the stability of Social Security. Two components of Erik Erikson's "Theory of...

  • Social Security: The wrong choice could cost you. MOORE, SUSAN // Inside Tucson Business;3/1/2013, Vol. 22 Issue 40, p18 

    The article offers the author's insights on when to start social security for retirement planning and various options for social security strategies.

  • If it's not too late, this is your retirement wake-up call. Corbin, David; Villegas, Melisa // Fort Worth Business Press;9/3/2004, Vol. 17 Issue 36, p13 

    In this article, the author discusses the finances of the average American couples getting into their retirement years. My folks are at the beginning of their retirement years and are looking forward to a less rosy picture than my grandmother had when she retired. During the next 10 years, the...

  • Retiree benefit plan design controversy nears end. Geisel, Jerry // Business Insurance;12/26/2005, Vol. 39 Issue 52, p16 

    The article emphasizes that the controversy concerning the design of retiree health care plans is closed to being resolved and could put an end to the years of legal uncertainties faced by employers. Such uncertainties were triggered when a federal appeals court ruled that retiree health care...

  • Retirement crisis: real or imagined? Alperovitz, Gar // Yes!;Fall2005, Issue 35, p25 

    This article examines retirement security in the U.S., considering that Social Security is in crisis. Social Security is the sole source of income for one-third of Americans over age 65. It is just one leg of the three-legged stool of the retirement security. Private pensions and private savings...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics