Is it worth it to delay?
Many people can choose to retire between 62 and their normal retirement age. Some have the attitude of having the bird in hand and don’t have the concern whether or not it is worth it to delay; the greater concern about delaying is when you have the opportunity to continue working, at perhaps significant wages, or collecting benefits. Do you take delay and forego significant benefits and continue working, or should you not delay? This video reviews examples of whether it is worth it to delay benefits or not.
Robert Muksian, Ph.D.
- Professor Emeritus, mathematics department at Bryant University in Smithfield, Rhode Island
- Past consultant to pension consultants for pre and post-retirement planning, attorneys at law and money managers
- Publications include, Zero Risk - Market Returns for the Ultra Conservative Investor, Journal of Financial Planning, Financial Planning Association, January 2009; Calculating Break-even Ages for Delaying Social Security Beyond the Normal Retirement Age, Journal of Financial Planning, Financial Planning Association, March 2006; The Best Day of the Year to Invest, AAII Journal, American Association of Individual Investors, February 2006; The Effect of Retirement under Social Security at Age 62, Journal of Financial Planning, Financial Planning Association, January 2004; Delaying Social Security beyond Normal Retirement, Journal of Financial Planning, Financial Planning Association, March 2006; Social Security Benefits at 65: Delay or Take the Money and Run, AAII Journal, American Association of Individual Investors, August 2000; Financial Mathematics Handbook, Prentice-Hall, 1994; Mathematics of Interest Rates, Insurance, Social Security, and Pensions, Prentice-Hall, October, 2002; and Applied Interest Theory, Cengage Learning, 2016
- Bryant University Distinguished Faculty Award in 2005 and the Bryant Federation Distinguished Faculty Award in 2004
- Certificate of appreciation for establishing the actuarial mathematics major at Bryant University, 1982
- Member of the American Society of Mechanical Engineers; past member Financial Planning Association and American Association of Individual Investors
- B.S.M.E. and M.S. degrees in mechanical engineering; Ph.D. degree in mechanical engineering and applied mechanics, University of Rhode Island
- Can be contacted at 401-203-6900, 401-781-1032 or [email protected]
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