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Key Social Security Factors To Know Before Claiming - Motley Fool
Social Security is a labyrinth of complex rules and regulations which can boggle even the best academic minds. And that complexity alone can cause some to throw up their hands and simply claim their benefits as soon as they’re eligible without fully understanding the consequences of doing so. But despite the program’s complexity, there are just a few Social Security factors which the average person should be familiar with before deciding when to claim benefits, and those several factors are described in this Motley Fool article by Maurie Backman. In this article, you’ll see how your age when you claim affects your benefit, how to know what your benefit will be at different ages, and how spousal benefits may fit into your retirement picture. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…