Insurance - The New School SCEPA

"Never ever ever will Social Security be eliminated", SCEPA Director Teresa Ghilarducci told Yahoo Finance recently, "the political and economic case for the program have never been stronger".

Policy Note | The Social Security benefit structure penalizes people who claim before age 70. Yet over one-fifth of eligible people claim before their full retirement age (age 67 for those born in 1960), and over 90 percent claim before the maximum age of 70, resulting in reduced monthly benefits. While many claim early out of necessity, financial advisors often recommend to those with retirement savings to spend down their savings before tapping into Social Security to increase their lifetime monthly benefit.