Tag Archives: discount

Discounted Present Value of Social Security Benefits

I just heard yet another “personal finance expert” offering some stupid advice on Social Security benefits. Social Security benefits generally become entitled at age 62. If the beneficiary defers receiving benefits for a few years, then higher monthly benefits are entitled. The so-called expert recommended NOT to elect to receive benefits at age 62, and […]

Posted in Time Value of Money | Tagged , , , , , | Comments Off on Discounted Present Value of Social Security Benefits

The Cost of Delaying Benefits

Why is common sense so rare?
I just heard yet another “economics expert” on cable television (a business finance talk show) talking about delaying Social Security benefits to increase the beneficiary’s income. Here are the basic terms:

At retirement age of 62, the basic monthly benefit is X. I’ll throw in a number of $500, but it […]

Posted in Real Estate Investing, Time Value of Money, Wealth Creation | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on The Cost of Delaying Benefits