Financeretirement Planning News

"Maximizing Social Security Benefits in Retirement: Avoiding Common Regrets"

A study by researchers at the Hebrew University of Jerusalem and the University of Pennsylvania's Wharton School identified the top financial regrets of retirees, including not saving more, not working longer, and not purchasing long-term care insurance or lifetime income. Additionally, nearly one in five respondents regretted claiming Social Security benefits too early, with research suggesting that waiting until age 70 to collect could lead to higher lifetime benefits for the majority of Americans.