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Kaplan: A Guide to Starting Social Security Benefits

Richard J. Kaplan (Illinois) has posted A Guide to Starting Social Security Benefits, J. Retirement Plan. 35, July-Aug. 2008, on SSRN.  Here is the abstract:

When a person should begin taking Social Security retirement benefits is a critical question for planning one’s retirement. This article explains the various factors at play in determining the optimum starting point, including: longevity considerations; spousal implications, whether for a previously employed or a previously unemployed spouse; the impact of post-retirement employment; the availability of health insurance prior to Medicare eligibility for the worker and the worker’s spouse; alternative sources of retirement income, including distributions from retirement savings plan assets and lifetime liquidation of nonretirement assets (and the pertinent income tax ramifications); and anticipated investment strategies.


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