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Be aware of three common Social Security mistakes
Stefon Walters covers three main points here. One, it’s imperative to know when your full retirement age is. It is not 62, even though that’s the most common age when people claim. It is 67 for those born in 1960 or after, and claiming before then means a permanent monthly benefit cut. Two, you must watch your income for earnings from work between age 62 and 67 if on Social Security. Go over the limit, and benefits get cut. Three, be sure to view your earnings record. It can be done on-line, and it’s important to be sure all work income is on there. 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.