Strange but true

Munnell, Alicia Haydock, Alex Golub-Sass, and Nadia S. Karamcheva. Strange but true: Free loan from Social Security. Issue in Brief 9-6, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, March 2009. http://hdl.handle.net/2345/bc-ir:104289. Note: Version of record.
PDF

Abstract

The brief's key findings are: (1) An unconventional strategy allows individuals to use early Social Security benefits like a "free loan," paying back the principal while keeping the interest. (2) If this strategy were widely adopted, it would cost Social Security $6 billion to $11 billion per year today and more in the future. (3) This strategy primarily benefits higher income individuals, who have the financial resources to invest their benefits and tend to be in better health.

Title
Strange but true: Free loan from Social Security
Author
Munnell, Alicia Haydock
Golub-Sass, Alex
Karamcheva, Nadia S.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
March 2009
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
9-6
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104289
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Social Security

My Bookmarks

Bookmarks:

Usage Stats

  • 70
  • 29
  • How statistics are collected.