‘It’s costing American workers real money’: Only 10% say they will wait until 70 to claim the maximum Social Security benefit — here are 5 reasons to wait

While retirement experts advocate waiting until age 70 to initiate Social Security benefits, a mere 10% of non-retired workers plan to heed this advice, as revealed by the Schroders 2023 U.S. Retirement Survey. Surprisingly, a substantial 72% of non-retired workers acknowledge the possibility of increased payments with delayed withdrawals but opt for earlier collection. Explore the survey’s comprehensive insights into the retirement choices and considerations of American workers.

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Source Article: https://moneywise.com/a/ch-msna/only-10-percent-will-wait-until-70-to-claim-social-security_1700312484317?utm_source=syn_msna_mon&utm_medium=Z&utm_campaign=36083&utm_content=msna_mon_36083

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