Staying Calm in a Crisis

The American College of Financial Services
May 8, 2020

As millions of Americans feel the pinch of the COVID-19 financial crisis on their wallets, more and more are raiding retirement accounts and claiming Social Security early. But many experts say avoiding short-term pain by compromising long-term gain could be a costly mistake.

Wade Pfau, co-director of the New York Life Center for Retirement Income and RICP® program director, says the longer you can wait to claim your retirement and Social Security benefits, the better, because you probably won’t find better in the open market.

Learn more in this article from Kiplinger.

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