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April 29, 2008 at 01:04 PM
A unit of MetLife Inc. is trying to educate U.S. workers about the cost of deciding to take Social Security retirement benefits as early as possible.
Workers who begin collecting benefits at age 67 may get monthly benefits that are about 50% higher than they benefits they would get if they started collecting benefits at age 62, according to retirement advisors at MetLife, New York.
The company has posted a MetLife Social Security Decision tool at
The tool can help users ages 40 to 62 determine what their monthly benefits might be if they begin collecting Social Security at age 62 and what they might get if they wait until age 67.
In other Web news:
- New York Life Insurance Company, New York, has updated its corporate site, at Document Link
Changes include the addition of a system that can site content out loud, a tool for sharing information from the site through social networking sites, and a “post comments” system that visitors can use to comment on the articles on the site.
- John Hancock, Boston, a unit of Manulife Financial Corp., Toronto, has updated the John Hancock Freedom 529 plan Web site.
