(TRISH REGAN INTEL) – The majority of Americans should wait until they’re age 70 to begin collecting their Social Security benefits to maximize their monthly payments, according to a study published by the National Bureau of Economic Research.
“Americans are notoriously bad savers,” the authors of the report state. “Large numbers are reaching old age too poor to finance retirements that could last longer than they worked.”
They suggest that “virtually all American workers age 45 to 62 should wait beyond age 65 to collect. More than 90 percent should wait till age 70.”
The post Report: Vast majority of Americans should wait until age 70 to collect Social Security appeared first on WND.
Click this link for the original source of this article.
Author: WND News Services
This content is courtesy of, and owned and copyrighted by, https://www.wnd.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.