Waiting to claim Social Security is a great way to increase income later in life
The Alliance for Lifetime Income released a study with an eye-catching headline: Two-thirds of peak Baby Boomers are not financially prepared for retirement.
ALI went deeper to determine if assets accumulated would augment Social Security and last up to 20 or more years in retirement. The answer is that two-thirds of Peak Boomers “will be challenged to maintain their lifestyles in retirement.” Ultimately, the two surveys may be closer than their respective headlines would indicate. The notion that millions of Americans are facing an uncertain retirement reality is the focus of a new book by economist and author Teresa Ghilarducci.
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