How much retirees would gain by improving Social Security decisions
Although most experts talk about the value of maximizing Social Security benefits, it seems few retirees are listening; actually, only four percent of retirees wait until age 70 to claim their maximum Social Security benefits. In a new study, “The Retirement Solution Hiding in Plain Sight: How Much Retirees Would Gain by Improving Social Security Decisions,” it calculated if U.S. retirees would be able to generate an additional $3.4 trillion in income during their retirement – an average of about $111,000 per household – if they optimized their decision about when to claim Social Security. Read article here…
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