Maximize Your Social Security With This Simple Strategy (Part 3)

In this episode, we’re going to compare John to Jane when considering how to maximize their Social Security. Using the numbers from the academic paper “LEAVING BIG MONEY ON THE TABLE:
ARBITRAGE OPPORTUNITIES IN DELAYING SOCIAL SECURITY”
we will show you how Jane will be better off by $25k and have LESS risk than John will be simply by deferring Social Security for one year.

Now the numbers can get MUCH larger too should Jane or John be married. Should they have more income, higher taxes, defer longer etc. Many different aspects of their planning comes into play to determine exactly how much of an arbitrage opportunity there is for Jane relative to John, who took his Social Security one year earlier.

https://www.nber.org/papers/w22853.pdf

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