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Press release from Business Wire

Washington, D.C. Media Briefing -- Strategies to maximize social security benefits

Thursday, November 08, 2012

Washington, D.C. Media Briefing -- Strategies to maximize social security benefits11:00 EST Thursday, November 08, 2012 (Business Wire) -- Prudential Financial, Inc.: WHAT:   A panel of retirement industry experts from Prudential, WISER, AARP and the Center for Retirement Research at Boston College will discuss the value of social security and strategies individuals can use to maximize social security benefits. The experts will also focus, in particular, on approaches married, divorced or widowed women can employ to increase the value of the benefits over their lifetimes.   WHEN: 10:30 a.m. to 2:00 p.m., Monday, November 19, 2012   WHERE: Newseum, 555 Pennsylvania Avenue, Knight Conference Center, 8th Floor Washington, D.C.   RSVP: Email or contact (973) 802-2958   WHO: James Mahaney, vice president, Strategic Initiatives, Prudential Financial, author of a updated Prudential white paper on social security strategies - “Innovative Strategies to Help Maximize Social Security Benefits”   Steve Sass, Associate Director, Center for Retirement Research, Boston College will highlight the importance of Social Security and why delaying Social Security is an important tactic in leveraging retirement nest egg;   Cindy Hounsell, President, Women's Institute for a Secure Retirement (WISER) will explore why these strategies are especially important for women to improve their long-term financial security;   Jean Setzfand, Vice President, Financial Security, AARP will address how the advocacy organization is using information and online tools to ramp up members' knowledge about Social Security; and   George Castineiras, senior vice president, Total Retirement Solutions, Prudential Retirement will moderate and discuss the role of Social Security in retirement planning.   BACKGROUND: Limited understanding of the social security program is leading individuals to miss out on the full value of the lifetime benefits they could be eligible to receive, according to Prudential's “Innovative Strategies to Help Maximize Social Security Benefits” white paper which will be launched at the event. With over 70 percent of retirees electing to start receiving reduced Social Security benefits prior to their full retirement age and women, in particular, electing to receive individual worker benefits, rather than spousal benefits at retirement age, many Americans are missing out on the ability to collect higher benefits over their lifetimes. Prudential Financial, Inc.Dawn Kelly,