Advisors appear to lack sophistication in advising clients about taking Social Security benefits, leading to mistakes that fall hardest on aging widows. That is the conclusion of a new study just published as a working paper of the Pension Research Council, a retirement research center affiliated with the University of Pennsylvania’s Wharton School.

The paper’s authors, Mathew Greenwald, Andrew Biggs and Lisa Schneider, based their findings on a survey of 400 financial advisors, drawn from a variety of different backgrounds including wirehouse and independent advisors, among others.

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