GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
George C., now 77, started claiming his at 65.
His insightsmight help you rethink your retirement plans.
At the time, I just wanted to enjoy the fruits of my labor, he said.
Life Expectancy Considerations
At 65, George thought he had a few years left.
He underestimated his life expectancy based on his family history and health.
I didnt think I could live this long, George said.
Hes now facing a harsh reality, as he thinks he will likely live way longer.
Shes a non-working spouse, so her benefits are tied to Georges.
Therefore, claiming the benefits early reduces the survivor benefits she would get.
Now, if something happens to me, shell get a smaller monthly check for life, he said.
Lifestyle Change
George didnt think his lifestyle would change in retirement.
But after retirement, he realized he wanted to explore new hobbies and travel more with his wife.
More From GOBankingRates
Share This Article:
