When Should You Claim Social Security? A Framework for Couples
Claiming Social Security at 62 gives you a check sooner, but a permanently smaller one. Waiting until 70 raises the benefit by roughly 8 percent for each year past full retirement age. For married couples, the decision also sets the survivor benefit for whoever lives longer. Questions to answer before you claim How long do […]
Sequence-of-Returns Risk: Why Your First Five Years of Retirement Matter Most
The first five years of retirement carry a risk most savers never hear about until it is too late: sequence-of-returns risk. Two retirees can earn the same average return over 25 years and end up with very different outcomes, simply because one of them met a bear market in year one. Why the order of […]