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3 Great Reasons to Take Social Security Benefits at 62
Seniors can begin collecting Social Security benefits as early as age 62, and most do that. It comes with a permanently reduced amount, however. Thus, most experts advise waiting. But Maurie Backman lists three reasons why age 62 might make sense. 1.) You want a new job – one where you call the shots. She notes you can still earn while collecting; 2.) You’re single and don’t expect to live a long life. Guessing one’s mortality is always a crapshoot, but waiting makes little sense if one is in poor health; 3.) You’ve earned the right to sign up for benefits when you please. Wealthy people need not seek the highest benefit possible, so waiting is irrelevant to them. 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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.