Tag: Social Security claiming
Recent experiment suggests they’re interested, and more information would increase participation. Although annuities would ensure retirees higher levels of lifetime income, reduce their likelihood of outliving their resources, and alleviate some of the anxiety associated with post-retirement investing, the market for annuity products is miniscule. Explanations for the low demand include the high cost…
The brief’s key findings are: The Social Security Administration’s (SSA) online tools could help meet the increasing demand for SSA services, but only half of retirees apply online. A new CRR survey suggests that the share who claim completely online, without contacting an SSA representative, may be even lower – about 35 percent. Going forward,…
