Strange But True: Claim and Suspend Social Security

TitleStrange But True: Claim and Suspend Social Security
Publication TypeReport
Year of Publication2009
AuthorsMunnell, AH, Golub-Sass, A, Karamcheva, NS
Series TitleCenter for Retirement Research at Boston College Briefs
Document NumberIB#9-11
InstitutionCenter for Retirement Research at Boston College
CityBoston
KeywordsRetirement Planning and Satisfaction, Social Security
Abstract

The brief’s key findings are:
During the current economic crisis, many older workers are postponing retirement and some retirees are re-entering the labor force.

Re-entrants age 66 and over can put their Social Security benefits “on hold” in exchange for higher benefits later.

This “claim and suspend” strategy also offers greater flexibility to one-earner couples, allowing the higher earner to delay benefits while his spouse claims.

The potential costs to Social Security are modest.
URLhttps://crr.bc.edu/briefs/strange-but-true-claim-and-suspend-social-security/
Endnote Keywords

social Security/retirement planning
Endnote ID

26050
Citation Key5774