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Early Social Security Claims Costly

Early Social Security Claims Costly

| October 29, 2019
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A new study, “The Retirement Solution Hiding in Plain Sight: How Much Retirees Would Gain by Improving Social Security Decisions” zero’s in on the cost of workers claiming benefits before their full retirement age.

Those early claiming decisions are costing retirees income and overall wealth.  Estimates suggest current retirees will collectively lose an estimated $2.1 trillion in wealth because they didn’t optimize their social security retirement benefits.

According to the study, about 21% of those at risk of not being able to afford retirement would see an improvement by optimizing their social security benefits.  We can help. 

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Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual.

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