Finance Friday: Husbands, Don’t Start Social Security Early!

A recent study about Social Security advice from The Wharton School indicates that many financial advisors do not understand how spousal benefits work, much less how the decision to claim benefits early can financially harm a surviving spouse. Many advisors frame the “when to start benefits” decision as a break-even question. That may work for singles in some instances. But for married couples, a better decision-making approach is to consider what’s the best long-term choice for a surviving spouse. We know that statistically women outlive men, so Husbands, if you really love your Wives, think twice before you start those benefits!



About Mike Wilson

Michael L. Wilson, MBA, CFP®, CRC®, is the owner of Integrity Financial Planning. Prior to founding Integrity in 1998, he worked for two years as a faculty member at the College for Financial Planning in Denver, training other financial advisors. Mike has 10 years of experience in the mutual fund industry, having worked with Fidelity Investments and Invesco Mutual Funds. He holds an MBA in Finance from Baylor University. Learn more about his work at
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