On the podcast this week, we take a look at how the COVID19 crisis has added a new dimension to strategies for smart Social Security benefit timing decisions.
Over the past decade, more people have been delaying their claims to increase their annual benefits, and often their lifetime payouts. But if you’re eligible for Social Security now and you lose your job, that strategy may well be out the window. And there are some other ways that the pandemic may be rewriting strategies for claiming.
The podcast features comments from three experts on this topic:
- Michael Finke, a professor at the American College of Financial Services
- Richard W. Johnson, director of the program on retirement policy at the Urban Institute
- Retirement researcher Dirk Cotton