3 Great Reasons to Delay Social Security as Long as You Can
Delay, delay, delay. That’s what most experts generally say on when to start Social Security benefits. That’s because waiting until 70 (maximum age) yields the highest possible monthly benefit for the rest of one’s life. True, as Maurie Backman notes in this piece, you get fewer checks than if you started at age 62, the earliest age. Here’s why to wait, though: 1. You’ll grow your benefits for life; 2. You can compensate for absent savings; 3. You’ll be motivated to work longer. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.