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Podcast: Retirement Starts Today
Episode: Delay to 70? Not So Fast - The New Case for Claiming Early
Description: Only about 4% of retirees actually wait until age 70 to claim Social Security, despite the financial benefits of delaying them. This comes from an article by Derek Tharp at Kitces.com titled "The Flaws In Using A 0% Discount Rate To Justify Delaying Social Security". It takes a hard look at why the common advice to "wait until 70" might not always hold up in the real world. Tharp argues that the assumptions baked into much of the research—especially the idea that a future Social Security dollar is worth the same as a dollar today—can tilt the m...