Tag: claiming age
Social Security supplies a substantial share, and often the majority, of a retiree’s income. For these older workers delaying signing up for their benefits is often a smart strategy. For every year they wait, the delay will increase the size of their monthly checks by 7 percent or more. But, as researchers Suzanne Shu and…
Roughly three out of four low-income households might not have enough money to maintain even their modest standard of living after they retire. This sobering finding comes in a refinement by the Center for Retirement Research of its periodic look at workers’ retirement prospects. The center’s researchers use the data in the Federal Reserve’s periodic…
