3 Common Social Security Misunderstandings
Posted: 19 Jan 2015 05:00 AM PST
The following three statements about Social Security are common, but incorrect. (Or rather, each is partially correct, but the part that’s incorrect is super important.) Can you spot the errors? (sounds like tb writing)
1.If you are married, it’s a good idea to delay taking Social Security.
2.If you have a shorter than average life expectancy, you should claim early. (Or conversely, if you have a longer than average life expectancy, you should wait to claim.)
3.Social Security is actuarially neutral (meaning that claiming at one age is as good as another, given that you’re likely to get the same overall amount).
In each case, the error is the same: It addresses the when-to-claim question by looking at the wrong life expectancy in some cases.
Smart guy if interested:
http://www.obliviousinvestor.com/3-common-social-security-misunderstandings/
