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General Accounting Office (GAO) Report Reveals Reasons Why People Claim Social Security Benefits Early

Why would people choose to claim their Social Security retirement benefits prior to reaching their full retirement age, when doing so could result in as much as a 30% reduction in monthly benefits? According to the GAO, reasons include an individual’s type of work, employment status, education level, marital status, and other factors.

We’ve created a Client Alert that highlights the report’s findings. Log into your Forefield account or via free trial access @ forefield.com to view this alert in its entirety and/or to share with your clients and prospects.

For more information on the data cited in this Client Alert, as well as information about how the Pension Protection and Affordable Care Act has affected the health coverage options of early claimers, please view the complete report at http://www.gao.gov/products/GAO-14-311

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