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Wednesday, March 18, 2015

The Social Security Maze and Other U.S. Mysteries (@ronlieber @NYTimes)

With 2,728 core rules, as well as thousands of other supplementary rules, the Social Security system is overly complicated. Too often, Rob Lieber points out, people are missing out on money they are entitled to.

Full article at The New York Times


"In recent years, the Boston University economist Laurence J. Kotlikoff has
made something of a game — and then, eventually, an art — of cornering
smart people and convincing them that they were leaving tens of thousands of
Social Security dollars on the table.
He did it with Glenn Loury, an M.I.T.­trained, Brown University
economics professor whose wife, Linda, had recently died of cancer. His
spouse was a prominent economics professor herself, but neither of them
realized that her survivor’s benefits would be worth more than $100,000 to
Mr. Loury until Mr. Kotlikoff told him."




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