One new study shows the vast majority of recent retirees are claiming Social Security benefits earlier than full retirement age, and that it's costing them significantly.
Nationwide Retirement Institute, a platform of Nationwide, the Columbus, Ohio-based insurance and financial services company, found that 83 percent of recent retirees claimed Social Security early.
As a result, they'll get almost 50 percent less in benefits than those that wait until they are 70, according to a survey of 902 pre-retirees and retirees.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
