Social Security is not a simple benefit system. It is worth learning about the rules of the program and understanding how benefits are calculated so you can make informed decisions on your claiming strategy.
Because Social Security is a significant, inflation-adjusted source of steady income, it should be an important part of your holistic income strategy in retirement.
Social Security claiming is not one size fits all. There are specific considerations for you to think through if you are single, married, divorced, or widowed.
A variety of risk factors lead us to believe that volatility across fixed income sectors will increase in 2018, so we favor meaningful allocations to liquid sectors to facilitate tactical portfolio shifts in response to a risk event. Read more...
Although markets have thus far shrugged off risks, including North Korean nuclear tests as well as expected actions by many developed market central banks to unwind their ultra-accommodative monetary policies, we think that is unlikely to persist through 2018.
The potential risks that could shake up fixed income markets include a surprise in developed market politics, a breakdown in the NAFTA negotiations, escalating geopolitical tensions, and an abrupt slowdown in the Chinese economy.
With some major developed market central banks beginning to scale back their extremely accommodative monetary policies, there is the potential for increased volatility if markets misjudge the speed or timing of the normalization process.
Maintaining meaningful allocations to liquid sectors allows us tactical flexibility should volatility create pricing dislocations and more favorable valuations in credit sectors.