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An Annuity Plan Called Social Security – Deferring Benefits Can Yield a Significant Advantage – from The Wall Street Journal

“Know how to get a great deal on an annuity today?   Tap your 401(k) or IRA for living expenses in your first few years of retirement so you can postpone taking Social Security.

Most people start their Social Security benefits as early as possible, at age 62, or at least by their “normal” retirement age, which is the age when they’re entitled to “full,” or unreduced, benefits (currently 66 or 67 years old, depending on when you were born).

But for every year you defer past that, up to age 70, your Social Security benefits will rise by 6% to 8%.   Those are real, inflation-adjusted rates of return, guaranteed by the U.S. government.   Where else can you get a return like that these days with real interest rates close to zero?”

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