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Studies find that most retirees claim social security at the wrong time



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A new study finds 96% pensioners choose it wrong year to claim social security. And the money management company United Income estimates & nbsp; they could miss a collective $ 3.4 trillion in benefits because of it. "data response time =" 15 "> A new study finds that 96% of pensioners choose the wrong year to claim social security. And the investment company United Income estimates that they could miss out on collective $ 3.4 trillion in benefits because of it.

<p class = "canvas-atom canvas text Mb (1

.0em) Mb (0) – sm Mt 0.8em) – sm" type = "text" content = "" Most people continue to enter social security in the retirement pension of 62 years. And there are clear benefits to waiting for. You get a higher benefit each month you postpone and for most people the combination of this higher benefit and the extra revenue they get when they continue to work really pushes them to a much more secure position in the pension tells Douglas Holtz-Eakin, American Action Forum President, Yahoo Finance's " YFi PM. " "data-response time =" 16 ">" Most people continue to enter social security at early retirement age of 62 years. And there are clear benefits to waiting for. You get a higher benefit every month you postpone, and for most combinations of the higher benefit and the extra revenue they get when they continue to work, they really push into a much more secure position in the pension, "Douglas Holtz -Eakin, American Action Forum President, tells Yahoo Finance's "YFi PM."

Only 4% of retirees are waiting for 70 years to claim social security, according to United Income.

The study also highlights how patience can pay For example, a person eligible for a monthly check of $ 725 at age 62 could receive nearly $ 1,300 if they postponed benefits until age 70. However, only 4% of retirees are waiting for the economically optimal age.

<p class = "canv as-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Pension planning pitfalls is also a problem for Gen Xers. An investigation
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