3 Reasons Retirees May Regret Claiming Social Security at 62
When one should start their Social Security benefits is such an important question– age 62, 66, 67, 70 or any age in between? Christy Bieber of The Motley Fool states there are three reasons why you may wish you hadn’t started getting your checks when you were so young, as in before full retirement age (now 66-67) These are: 1.You outlive your life expectancy; 2. You can’t afford your medical care; 3. Your spouse ends up with lower survivor benefits. More detail in the 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.
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