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Don't Make This Social Security Mistake

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When we think about life expectancy, we usually consider it from birth, not from our current age, and that could be a costly mistake, because life expectancy factors heavily into our decision of when to claim Social Security benefits.

According to a recent survey by The American College New York Life Center for Retirement Income, about 47% of respondents over age 60 underestimated how many more years a typical 65-year old man could expect to live, and only 41% guessed correctly that he could expect to live an additional 20 years.