Navigating The Confusing Rules Of When To Claim Social Security

  • Forbes | by: Chris Farrell |
  • 09/07/2018
On the bookshelf by my desk at work is Get What’s Yours: The Secrets to Maxing Out Your Social Security by Philp Moeller, Laurence J. Kotlikoff and Paul Solman. The 324 (!)-page book by a financial writer, an economist and the PBS NewsHour economics correspondent delivers on its promise to help people figure out the best strategy for when to claim Social Security. No criticism of the authors intended, but their book highlights a major problem with Social Security: It’s too complex!

The rules for claiming Social Security retirement benefits have become so complicated that it’s practically impossible for the typical near-retiree to navigate the system intelligently. Get this: The Social Security handbook has nearly 3,000 rules.

When to Claim Social Security: A Theme for Retirement Researchers

Social Security’s complexity was a key theme of the Retirement Research Consortium annual meeting I attended in Washington D.C. last month. The concern at the conference was that the tangled rules are keeping many people — especially couples — from getting the most out of the Social Security benefits they earned. In recent years, researchers have shown that married couples can face several thousand possible when-to-claim combinations.

Let me tell you about the results from the paper presented at the conference, “Social Security Household Benefits: Measuring Program Knowledge.” Economists Katherine Carman and Angela A. Hung of the Rand Corporation created a survey on Social Security spousal and survivor benefits to learn more about these three issues:

Comments

Privacy Policy

Navigating The Confusing Rules Of When To Claim Social Security is dedicated to protecting consumer privacy on the Internet. Our practices are consistent with privacy guidelines established by eTrust.com.

Navigating The Confusing Rules Of When To Claim Social Security does not require any personal information to obtain access to our website.

Navigating The Confusing Rules Of When To Claim Social Security does require limited personal information including name and mailing address from individuals wishing to join as members. Additional information such as e-mail address and phone number may also be requested in order that we may contact members in a timely manner on issues related to our mission.

You will only receive e-mail from us if you request to be added to our e-mail list. You may revise or remove your e-mail address from our files at any time.

Navigating The Confusing Rules Of When To Claim Social Security uses "cookie" technology to obtain non-personal information from our online visitors, such as browser/computer type, number of visitors, and site usage. We do not use cookies to extract personal information.

Our website contains links to other sites, but Navigating The Confusing Rules Of When To Claim Social Security does not necessarily advocate, support or condone the privacy practices or content of these websites.

Navigating The Confusing Rules Of When To Claim Social Security makes all information received from our online visitors as secure as possible against unauthorized access and use. All information is protected by state-of-the-art security technology.

Navigating The Confusing Rules Of When To Claim Social Security respects the individual privacy rights and concerns of visitors to our website. We support meaningful self-regulation of the Internet to ensure that responsible organizations maintain the right to use all communications media to interact with the public.