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Understanding the Math Behind Claiming Ages
There are many factors associated with the decision on when to file a claim for Social Security benefits, In fact, here at the AMAC Social Security Advisory Service, we typically begin our responses to the “when should I file” question with “It depends.” And it really does depend on each individual’s personal situation, as explained in a post by The Motley Fool’s Sean Williams on their website. Williams covers the complexities of filing at various ages, and focuses on why claiming at two specific ages–62 and 63–are likely to be the worst in terms of getting the most lifetime return from Social Security. Read his post here.