Source: Tara Siegal Bernard - The N.Y. Times ( Paid Registration )

Some people nearing or on the cusp of retirement consider buying immediate annuities from insurance companies: they hand over a big pile of cash to an insurance company in exchange for a guaranteed monthly income payment for life. But you can also “buy” an annuity, so to speak, from Social Security, and it’s a far better deal.

Read Full Article: The payoff in waiting to collect social security