19% of Americans Are Changing Their Social Security Filing Plans Due to COVID
Choosing a Social Security filing age isn't easy. There are different factors you'll need to weigh as you arrive at that decision, such as what your retirement savings look like and how long you expect to live (not that you can predict that, but you can give it your best guess based on your family history and health).
It's not uncommon to arrive at a filing age well ahead of retirement and use it to shape your plans. But a lot of people's plans may now be changing due to the impact of the pandemic.
In a recent Nationwide survey, 19% of people say they're planning to alter their Social Security filing plans in light of the events of the past year. For 9% of survey respondents, that means filing for benefits earlier than expected, but for 11% of respondents, it means delaying benefits.
Source Fool.com
