Retirees will lose an average of $111,000 in income per household because they took Social Security benefits too early into their retirement, rather than draw down on their own savings first, according to a new study released Friday from United Income, a technology wealth management company. At the end of their lives, they will have $68,000 less in estimated wealth because they claimed at the wrong age.
Should seniors buy annuities if they have Social Security?
Between today’s issues with sticky inflation, rising healthcare costs and longer
