4/28/2014 – Timing Social Security: How emotion clouds logic (CBS MoneyWatch)

It seems that people tend to ignore logical arguments for delaying Social Security benefits and let aversion to loss influence them more, a common behavioral finance phenomenon. That’s one of the many conclusions from an interesting study recently conducted by the Society of Actuaries (SOA) and Matthew Greenwald and Associates. The two organizations conducted focus groups with current retirees to learn how Americans actually plan for retirement.

Read the full article at CBS MoneyWatch.