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Many Filed for Social Security Retirement Benefits Out of Necessity -- But Wish They Had Waited Until Later
MassMutual Link to more items from this source
May 14, 2019
"More than half (53%) filed out financial necessity, such as not saving enough, and another one-third (30%) filed as the result of unforeseen issues, such as health issues or employment changes.... In the simplest and most conservative cumulative calculation, a married couple with longevity into their early 90's could be leaving more than a half million dollars on the table -- or as much as $2,000-4,000 per month for life -- by filing for Social Security retirement benefits at age 62 versus filing at age 70. Furthermore, a surviving spouse could receive $1,000-2,000 per month less for life as a result of filing at age 62."

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