This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Innovative Strategies To Help Maximize Social Security Benefits: Updated Prudential White Paper

Stocks in this article: PRU

Many Americans are missing out on the full value of Social Security according to Prudential’s updated white paper, Innovative Strategies to Help Maximize Social Security Benefits, which outlines options and strategies that individuals can employ to maximize lifetime Social Security income. In particular, the paper has new content on strategies for those that enter retirement divorced or widowed.

According to the paper, which was issued today, limited understanding of the program is preventing many people from maximizing their benefits. The white paper also points out that over 70 percent of retirees elect to start receiving reduced Social Security benefits prior to their Full Retirement Age, and that many may be missing out on the ability to collect higher benefits over their lifetimes.

“For most, a successful retirement plan should include accumulated personal savings as well as guaranteed lifetime income from 401(k) plans and Social Security,” said George Castineiras, vice president, Total Retirement Solutions, Prudential Retirement. “With the examples and approaches illustrated in the 2012 edition of the white paper, Prudential aims to help individuals, especially women, increase their understanding of Social Security and optimize its role in their retirement planning.”

The strategies, applicable to both genders, contain a number of examples to help readers evaluate their available choices, eliminate costly mistakes, and select a claiming strategy that best suits their financial needs.

“This research highlights the advantages for women of taking spousal benefits and delaying individual benefits to maximize lifetime Social Security income,” says M. Cindy Hounsell, President, Women’s Institute for Secure Retirement. “Of real value are the practical strategies available for divorced spouses, widows, and widowers as well as the important tax considerations regarding when to take IRA withdrawals and when to claim Social Security benefits."

Click here to view a short video summarizing the benefits of strategies outlined in the paper.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $ 1,005 trillion of assets under management as of September 30, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,389.97 -288.73 -1.63%
S&P 500 2,033.74 -23.35 -1.14%
NASDAQ 4,694.6530 -77.11 -1.62%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs