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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.
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.