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Is delaying retirement becoming the norm?
According to a survey by F&G Annuities & Life, Inc., the trend toward early retirement appears to be in a period of reversal. In a post on prnewswire.com, F&G’s editorial staff reports that “More than two-thirds (70%) of pre-retirees over 501 are considering or delaying their planned retirement date…” with nearly half expressing concern that they will not have sufficient financial resources for retirement. For those retired, the study also indicated that nearly a third of respondents reported considering a return to the workplace. The survey results indicate an interesting shift in retirement thinking…check it out in full here.
With respect to Social Security benefit claiming strategy, the trend discussed in the preceding paragraph also relates to a corollary trend in delaying benefit claiming, according to a post on feedweek.com. In their article, Fedweek staff reporters note that delays in claiming benefits suggest that the “… trend toward claiming Social Security benefits at ever-later ages has been even steeper than has been commonly reported.” Read this article in full here…
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