Our daily roundup of retirement news your clients may be thinking about.

When retiring early is not a choice Despite the common mantra of waiting until 70 to apply for Social Security, many people are unable to delay their retirement benefits that long because of poor health, limited job prospects and shorter life spans, according to this article on The New York Times. To work longer requires good health and good job prospects. People who are in low income groups are more likely than their high-earning counterparts to suffer serious health problems, lose jobs and face a shorter life span compared with high-earning people, reducing their ability to defer their retirement benefits for greater benefit value. Indeed, to really come out ahead from delaying Social Security requires a client to live into their 80s; otherwise, they would generally better off taking a reduced benefit earlier and collecting for as long as they live.

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