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How Retirement Age and Social Security Claiming Age Are Related
Expert Opinion December 16, 2024 at 05:31 PM
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What You Need To Know
- About 75% of survey respondents who retired between the ages of 62 and 70 claimed Social Security benefits at their retirement age.
- About half of retirees retire earlier than expected, versus about 45% retiring as planned and 5% later than planned.
- Households with higher levels of financial assets are more likely to delay claiming since they have the means to decide when to claim benefits.
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