The GAO found in its review of the SSA, 1/3 of the workers did not advise claimants how to get a larger monthly benefit by waiting to claim at an older age.(Photo: Getty)

While I am not privy to the precise dollar amount that retirees unintentionally surrender (because of ill-informed actions on their part) involving Social Security, the sum is still a lot of money. And others have noted this too:

“Every year, people leave tens of billions of dollars on the table in terms of money that they’re entitled to, they could get if they made more informed claiming decisions about Social Security.” Phil Moeller, co-author Get What’s Yours: The Secrets to Maxing Out Your Social Security.

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