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Retirees lose by claiming Social Security too early
A study from United Income finds only 4 percent of retirees claim at the financially optimal time, with potential lifetime income losses totaling about $3.4 trillion. Researchers say better education and policy nudges could boost planning and reduce elderly poverty by delaying benefits until at least age 65 for most.
MENTIONED IN THIS ARTICLE
United Income
Jason Fichtner
Social Security Administration
U.S
Fichtner
Teresa Ghilarducci
New School