Claiming Social Security early is often the WRONG financial strategy. But what if that is what your "financial advisor" has recommended? New research suggests that this advice may actually not be in YOUR best interests, but in the best interest of the advisor. Listen in as we discuss the bias that some financial people have when it comes to guiding people on Social Security.
Research paper discussed in this podcast: Biased Advice? THE RELATIONSHIP BETWEEN FINANCIAL PROFESSIONALS’ COMPENSATION AND SOCIAL SECURITY RETIREMENT BENEFIT CLAIMING DECISIONS (Retirement Management Journal. Volume 12, Number 1, 2023) https://papers.ssrn.com/sol3/papers.c...
Dolphin Financial Radio is a fun and informative podcast on retirement planning issues. This is not financial advice. Please seek professional guidance before implementing these ideas or strategies:
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