Boomers Reflect on Social Security Timing and Retirement Regrets
Many older Americans regret retiring too early, taking Social Security prematurely, and depleting savings, as revealed in a Business Insider survey. Respondents shared experiences of unexpected financial and medical setbacks, with some returning to work due to insufficient funds. Common mistakes include withdrawing too much from retirement accounts, delaying financial planning, and underestimating the social and emotional aspects of retirement. Experts emphasize the importance of careful financial planning and understanding the realities of retirement.