One reader writes that he and his wife can start collecting Social Security earlier than age 70, as Social Security expert Larry Kotlikoff discourages, with a very small downside for the long term. But today, Larry urges him to reconsider just how long the couple will live.
Ever feel like you need a translator to understand what the Social Security Administration is trying to tell you? You're not alone. As part of his new book, co-authored with Making Sen$e's Paul Solman and Phil Moeller, Social Security expert Larry Kotlikoff shows how Social Security has perfected the art of incoherence.
Social Security expert Larry Kotlikoff highlights a recent change in Social Security's operating manual that, while seemingly obscure, hurts millions of Americans who receive disability benefits. In effect, Kotlikoff argues, Social Security is now treating people with disabilities as second class citizens.
Social Security is an insurance company. It's taking money from us and promising insurance benefits in exchange. But insurance companies don't go out of their way to encourage people to ignore risks and focus on average outcomes.
You may be entitled to more than you’re getting. Social Security might end up being your most valuable retirement asset…and the most difficult to understand. The system has more than 2,700 core rules and thousands more codicils. A single misstep could cost you as much as one-third of the money you might have received. Here’s …
Social Security expert Larry Kotlikoff recommends you retrieve your annual statement each year to check that Social Security has correctly credited your covered earnings. But don’t trust the statement’s projections of your retirement benefits or the benefits available to family members based on your work record because they're often wrong.
Ex-spouses can’t control what Social Security benefits their exes collect on their work records. What they want or don't want you to receive makes no difference. But there are still requirements to collecting off of an ex-spouse. Social Security expert Larry Kotilkoff tells you how it's done.