Marti Awad, JD, CFA, CFP®, LLM in Taxation senior vice president and financial advisor at Wealth Enhancement Group was quoted by The Wall Street Journal in "15 Ways Consumers Can Deal With—and Even Benefit From—Rising Inflation."
"For individuals who have other funds to support their retirement lifestyle, putting off collecting Social Security can be a smart inflation hedge—beyond the built-in increases in benefits tied to the consumer-price index. Every year that Social Security benefits are delayed past full retirement age, the amount of the eventual benefit increases by 8%."
Access Marti's full commentary in the article written by Cristina Lourosa-Ricardo here.