Did you ever think you could use your 401(k) to boost your Social Security payments? Well it is possible according to Richard Thayer, a Nobel Laureate, who won the Nobel Prize in 2017 for his work in behavioral economics. In an article published April 26th, in Money & Markets, Mr. J T Crowe explains how it works. Since the article is a bit lengthy here is the link to read it in its entirety:
https://moneyandmarkets.com/richard-thaler-401k-social-security-retirement/?post_ids=10337,9871,9749,9612,9476&utm_source=MAM-Newsletter&utm_medium=Email&utm_campaign=Daily-Article-Traffic
It sounds like a good idea to me and wish I had thought of it in my working years. Social Security needs all the help it can get not only to maintain present benefits but how to increase those benefits as well. At least it is somewhat of a guaranteed method because if the government goes all of SS goes along with it.
https://moneyandmarkets.com/richard-thaler-401k-social-security-retirement/?post_ids=10337,9871,9749,9612,9476&utm_source=MAM-Newsletter&utm_medium=Email&utm_campaign=Daily-Article-Traffic
It sounds like a good idea to me and wish I had thought of it in my working years. Social Security needs all the help it can get not only to maintain present benefits but how to increase those benefits as well. At least it is somewhat of a guaranteed method because if the government goes all of SS goes along with it.
