Delay Social Security, Invest More or Buy an Annuity: What’s Best for Retirement Income?
January 7, 2025 by John Manganaro
Clients who want to claim Social Security early and reinvest the proceeds need a strong stomach for taking portfolio risk in order to come out ahead, according to a recent report published by PGIM’s David Blanchett.
Beating the delayed claiming strategy requires an 8% annual return for an individual retiree, according to Blanchett, and achieving comparable returns has historically required that 75% or more of a portfolio be allocated to equities.
Originally Posted at Think Advisor on January 3, 2025 by John Manganaro.
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