(Image: Shutterstock)
The increase in wealth associated with a delay in claiming Social Security retirement benefits rises for longer life expectancies, lower discount rates and no benefit reduction — and it can be substantial.
Investing today is tough. In my prior column, I discussed the very real possibility that interest rates could remain low for a long time, especially if the really, really long-term historical trend (going back to 1311) continues. That doesn't leave too many great investing options for retirees today.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Blanchett
David Blanchett, Ph.D., CFA, CFP, is managing director and head of retirement research for PGIM DC Solutions, the global investment management business of Prudential Financial Inc. Previously, he worked at Morningstar Investment Management LLC and Unified Trust Co.
David has published over 100 papers in academic and industry journals. His research has received awards from the Academy of Financial Services (2017), the CFP Board (2017), the Financial Analysts Journal (2015), the Financial Planning Association (2020), the International Centre for Pension Management (2020), the Journal of Financial Planning (2007, 2014, 2015, 2019), the Journal of Financial Services Professionals (2022), and the Retirement Management Journal (2012). He is a regular contributor to Advisor Perspectives, ThinkAdvisor and The Wall Street Journal.
David is an adjunct professor of wealth management at The American College of Financial Services and a research fellow for the Alliance for Lifetime Income.
