Why some may need to rethink waiting until age 70 for Social Security
Maurie Backman explains why it’s financially best to wait until age 70 to collect Social Security benefits. It’s simple, really. Waiting until the maximum retirement age of 70 maximizes the monthly benefit one will receive for the rest of one’s life. But so few people do wait. Backman explains the reasons why the waiting until age 70 plan does not always work. Read full piece 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.