Could this be the reason for so many faulty claiming strategies?
That’s according to a report from United Income researchers. In short, bad assumptions often lead to bad decisions. It’s even worse when those false assumptions are grounded more in cultural beliefs than in empirical evidence.
Believe it or not, only 4% of retirees make the optimal claiming decision. In fact the study found that a claiming age of 62-64 is optimal for only about 8% of adults – primarily those with a short life expectancy.
There’s more. You might find this article by Elaine Floyd, CFP® interesting.
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