In this episode, The Annuity Man and Larry Kotlikoff discuss:

• Your ability to affect your social security

• Mistakes that people make with social securities

• Two ways economics deals with uncertainty

Key Takeaways:

• You have the ability to make your retirement benefit bigger or smaller by making decisions. Delaying your claim will increase the amount provided by your benefits.

• Delaying your claim makes more sense. If you die tomorrow, you won't need any money. The real risk isn't in dying early, it's in living a long time and not having enough to sustain yourself.

• A Certainty Equivalent Analysis is a way to deal with economic uncertainty by making very conservative assumptions to adjust for risk. The other way is to go along and adjust in light of what happens.

"The fact of the matter is, if you die tomorrow, you're gonna be in heaven, you're not going to need money, you're not gonna be kicking yourself. The real danger is if you live to 100 and you're starving, eating cat food. " — Larry Kotlikoff.

Connect with Larry Kotlikoff:

Website: https://kotlikoff.net/ | https://maximizemysocialsecurity.com/

Facebook: https://www.facebook.com/laurence.kotlikoff

LinkedIn: https://www.linkedin.com/in/laurencekotlikoff

Twitter: https://twitter.com/kotlikoff?lang=en

Connect with The Annuity Man:

Website: http://theannuityman.com/

Email: [email protected]

YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g

Get a Quote Today: https://www.stantheannuityman.com/annuity-calculator!