this post was submitted on 30 Jun 2025
6 points (100.0% liked)

Finance

2391 readers
1 users here now

Economic and financial news from around the world, including cryptocurrency and blockchain.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago
MODERATORS
alyaza@beehaw.org
gyrfalcon@beehaw.org
coldredlight@beehaw.org
remington@beehaw.org
6
Should you claim your pension early or wait? (www.mpg.de)
submitted 2 days ago by Pro@reddthat.com to c/finance@beehaw.org
4 comments fedilink hide all child comments
 

In the U.S., the monthly payments increase the longer one works—researchers have now examined whether delaying retirement is financially worthwhile.

  • Earlier retirement: Researchers have analyzed data from the United States to examine whether retiring earlier is worthwhile.
  • Findings: The study shows that the financial risk of delaying retirement particularly affects men and low-income groups in the U.S.
  • Making the most of it: For sick individuals in the U.S., retiring early can help them receive some of the benefits they paid for—even if they do not have long to live.
top 4 comments
sorted by: hot top controversial new old
[–] miss_demeanour@lemmy.dbzer0.com 4 points 2 days ago (1 children)

It's your money - take it the moment it becomes available.

[–] goatbeard@beehaw.org 1 points 2 days ago (1 children)

But taxes and opportunity cost

[–] miss_demeanour@lemmy.dbzer0.com 1 points 2 days ago

But being alive now and not then...

[–] furrowsofar@beehaw.org 1 points 2 days ago

The poor health argument might be valid.

The low income argument on the other hand would suggest continue working and waiting until the SS, pension, and other income sources is enough. Even with poor health you kind of have to still do that to some extent. Don't get their conclusion about all of that regarding how one can retire without enough income. Just bonkers.

The article was not US based so they really do not understand US retirement anyway. What they mean by pension is Social Security. In the US pension means another form of pension like a corporate or government pension separate from social security.