Hiding in plain sight is a simple, low-cost, and effective tool to meaningfully increase retirement income: newbie retirees should live off their 401(k), individual retirement account (IRA), or other savings and delay taking Social Security, ideally until age 70. Each year a person postpones Social Security from age 62 until 70, his or her benefit increases by roughly 8 percent.

Originally published in Benefits Law Journal, Winter 2019, Volume 32, Number 4, pages 1–3 - 2019.