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Four In 10 Retirees Say “I Wish I’d Filed For Social Security Later”

TedTed
in Off-Topic
FYI: If you can, wait. That’s the advice from today’s to tomorrow’s retirees. In a new survey commissioned with Age Friendly Ventures (which operates this website, AgeFriendly.com), the MassMutual Social Security Pulse Check accessed people in their 70’s who are ‘paying it forward’, advising the next generation to defer claiming social security benefits in order to maximize monthly payments.

“When you retire and file for Social Security retirement benefits should be your choice, and this study underscores the need to plan ahead for the unforeseen and save as much as you can,” said Mike Fanning, head of MassMutual US. “Many are not saving enough for retirement and need to access funds the minute they can -- regardless of the longer term impact of the decision – and in some cases, unforeseen health issues are complicating the issue.”
Regards,
Ted
https://www.agefriendly.com/blog/articles/massmutual-social-security-pulse-check

Comments

  • jerry
    edited May 2019
    many felt they filed at the right time. not many felt they filed too late
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