Abstract
Most people adopt inferior strategies for drawing Social Security benefits. Sadly, the website and publications of the Social Security Administration are remarkably unhelpful in this regard. This paper describes how you can learn your optimal strategy contingent on your marital status, age, earnings history and health/life expectancy. Healthy people should take advantage of the “very-old-age-insurance” option that is available under Social Security, while those in poor health can also tailor their choices to improve their probable results. Meanwhile, almost everyone can benefit from under-used “supplemental” strategies that can have a surprisingly large impact on one’s lifetime benefits. A very high percentage of readers will gain at least $20,000-$30,000 by following the advice herein, and some will benefit by more than $100,000.In most cases, the reader will need to sign on to a paid Internet service (costing anywhere from $20 to $60) to learn about his optimal strategy, but in some cases this paper will provide all the information needed for making the correct choice.
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