Prudential exec urges waiting to take Social Security.(Conference Call)

Investment News, November, 2005

Byline: Sara Hansard WASHINGTON - Waiting longer to start taking Social Security benefits could help many retirees, particularly women, a Prudential official said here at an Oct. 27 conference on women's retirement issues. Retirees who start taking Social Security benefits could be pushed into a marginal tax bracket as high as 46% as they take required distributions from individual retirement accounts, said Jim Mahaney, who is a chartered financial consultant and chartered life underwriter, as well as the marketing director for the lifetime-income-solutions unit of Prudential Retirement, a division of Newark, N.J.,-based Prudential Financial Inc.

The Women's Institute for a Secure Retirement, a Washington non-profit that provides education on...

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