Is Early Retirement a Good Hedge Against Social Security’s Future Financial Troubles?

3 Dec 2018 | Larry Kotlikoff, Media

Assuming no tax increases, Social Security will have to cut benefits checks by 23 percent, beginning in 2034. So should you today start claiming benefit checks early – say, at age 62? Or should you postpose your “retirement” and start getting a larger benefit at age 70 – realizing that no matter when you retire, your benefit check may eventually be reduced.

Using his company’s MaximizeMySocialSecurity.com software, ecnomist Laurence Kotlikoff finds that it’s better to delay your retirement, even if you get your full check for a shorter period of time. More

John C. Goodman is President of the Goodman Institute and Senior Fellow at The Independent Institute. His books include the soon-to-be-published updated edition of Priceless: Curing the Healthcare Crisis, the widely acclaimed A Better Choice: Healthcare Solutions for America, and New Way to Care: Social Protections that Put Families First. The Wall Street Journal and National Journal, among other media, have called him the “Father of Health Savings Accounts.”