38 percent of retirees say they wish they'd waited till they were older to claim Social Security benefits. (Photo: Shutterstock)
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.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
