Circumstances have changed so that it makes sense to put off taking Social Security, said Morningstar Conference speaker Michael Kitces, director of research for Pinnacle Advisory Group.
The RIA founded by the Nobel prize winner is rolling out a service today that walks 401(k) plan participants through their Social Security claiming options.
The foundation's entitlements policy analyst said the spousal benefit for Social Security has become outdated because many women have worked long enough to get their own payments.
The bleak retirement picture for many Americans may result in Social Security benefits being eliminated or reduced for the wealthy, say many advisors in a recent survey by Financial Advisor magazine.
