Too Many Retirees Start Collecting Social Security Early Wall Street Journal (04/23/03) Vol. 32, No. 4 p.D1; Clements, Jonathan
This article discusses the fact that too many retirees are opting for lesser Social Security benefits because they choose to collect those benefits before age 65. Figures show that 65.6 percent of men and 69.9 percent of women who applied for Social Security in 2001 were under age 65. Experts suggest that retirees strongly consider their expected longevity and the other investment returns they expect to reap during retirement before opting to collect Social Security benefits too early, a move which can result in a 20 percent cut in monthly benefits.