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About the all important “break-even age” when collecting benefits
James Lange, writing in Forbes Magazine, hits on the question most have when thinking about claiming Social Security benefits. That is, should one grab every penny possible at age 62 or wait to get a higher amount later? It’s a complex issue with no one right answer, but Lange provides this example: “According to my analysis, the ‘break even’ age for a single person who banks his Social Security checks and earns a 4% rate of return is about 82.” Read more 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.