Non-retired Americans are increasingly concerned about how to convert savings into a reliable income stream during retirement.
Non-retired Americans are increasingly concerned about how to convert their savings into a reliable income stream during retirement. Despite understanding the benefits of delaying Social Security, financial pressures and uncertainty about the program’s future are prompting many to claim benefits early.
Survey of non-retired Americans:
- 57% are concerned about the loss of a regular paycheck
- 51% are concerned or very concerned about outliving their assets
- 8% plan to wait until age 70 to maximize their social security benefits