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Should you claim your pension early or wait? (www.mpg.de)

submitted 6 days ago by Pro@reddthat.com to c/personalfinance@lemmy.ml

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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.

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[–] DemBoSain@midwest.social 9 points 6 days ago (12 children)

Curious word choice. I know of no company still offering pensions, and I don't know anyone that has one. The article talks about social security, does that pass as a pension these days?

[–] I_am_10_squirrels@beehaw.org 1 points 2 days ago

It's from a German university, could be their default translation. In Europe, I think the default adjective for a retired person is pensioner, regardless of whether or not they actually have a pension.

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