Advertisement

22% of Retirees Have Social Security Regrets. Is This Your Fate Too?

22% of Retirees Have Social Security Regrets. Is This Your Fate Too?

Since these benefits will be essential to your financial security in your later years, you'll want to make the best possible choice about when to start receiving them, as this decision determines the amount of money they'll actually provide. Unfortunately, research shows many retirees realize too late that they need to be strategic about when they claim their benefits. According to a study conducted by the Michigan Retirement and Disability Research Center of the University of Michigan, 22% of current retirees regret claiming Social Security benefits when they did.