Wait Till 70 for Social Security? Nope

Schroders surveyed pre- and post-retirees 45 and older and found that only 10% planned to wait until 70 to claim benefits.

Wait Till 70 for Social Security? No Way, Say Most Americans: Survey — https://www.thinkadvisor.com/2021/06/24/wait-till-70-for-social-security-no-way-say-most-americans-survey/

It is painfully obvious to me that the majority of Americans are claiming benefits at both early and full retirement ages because they need the money and can’t afford to wait until age 70. Only healthy elders on financially sound footings will be deferring social security payments until their later years.

Yikes!

6 thoughts on “Wait Till 70 for Social Security? Nope

  1. Based on averages using large number it doesn’t matter. But if you are a high earner and in good health the Boston College study showed that it pays to claim SS benefits later.

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