Regrets? They've had a few, say retirees — especially around Social Security.
According to the 2019 MassMutual Social Security Pulse Check, commissioned in collaboration with AgeFriendly.com, 38 percent of retirees say they wish they'd waited till they were older to claim Social Security benefits.
While 30 percent of respondents say they filed at age 62 or even younger, it wasn't necessarily because they wanted to; 53 percent filed for benefits out of financial necessity, such as not having enough money to get by in retirement without claiming benefits, and another 30 percent said they ran into problems that compelled them to file—like losing a job or developing a health problem.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.