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Correlating Retirement Ages and Social Security Claiming Ages
Retiring, defined as stepping away from the workforce, and filing for Social Security benefits, defined as laying claim to the benefits earned while a part of the workforce, are two separate milestones in the financial picture for older Americans. They can be done in tandem or at different points on the timeline, as ThinkAdvisor contributor David Blanchett explains in a post on thinkadvisor.com. As Blanchett notes, three-quarters of those retiring between ages 62 and 70 take both steps together, while households with higher levels of accumulated wealth enjoy the luxury of waiting. It’s an interesting analysis, which you can read in full here.