NARSSA Survey Finds 73.5% Plan Early Social Security Claims as Solvency Fears Deepen
Updated
Updated · EIN Presswire · Aug 31
NARSSA Survey Finds 73.5% Plan Early Social Security Claims as Solvency Fears Deepen
1 articles · Updated · EIN Presswire · Aug 31
Summary
73.5% of clients want to claim Social Security early before benefits change, according to a NARSSA survey of 189 registered Social Security analysts completed on Aug. 17.
58.7% of clients doubt Congress will fix the program, and 41.3% want to file early specifically because of uncertainty over Social Security funding.
82.6% more demand for Social Security guidance has been reported over the past three years, as 62.4% of clients are overwhelmed by conflicting advice and 45% want a simple answer on when to claim.
56.1% of clients either miss or separate the tax link between claiming timing and required minimum distributions, while 34.9% are surprised Social Security benefits can be taxed.
NARSSA said the findings suggest fear and confusion—not necessarily optimal retirement planning—are increasingly driving one of Americans' biggest claiming decisions.