retiree benefits

Who Is Taking Early Social Security Benefits?

Posted on 05/28/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsFinancial planners have been advising us to wait as long as possible to collect Social Security to maximize the benefit. A new study finds that many middle-income workers haven’t heeded that call. They were more likely than higher earners to claim their benefit early and live on a permanently reduced payout for the rest of their lives. According to a Government Accountability Office (GAO) study, workers took their benefit early for a variety of reasons: They didn’t expect to live …