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What is the Best Age to Claim Social Security? - AZCentral
Spoiler alert: There is no one “best age” to start your Social Security benefits – each person is unique and their specific personal circumstances are what determines what that person’s optimum claim age is. Another spoiler alert: Age 62 is seldom the optimum age to claim.
This AZCentral article by Russ Wiles offers an excellent description of what you need to know about Social Security in order to make an informed decision on when you, personally, should claim your benefits. The article highlights how you become eligible for benefits and how to claim them and, importantly, describes the drawbacks of claiming benefits too early, as well as the income tax consequences to your benefits. 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 advisory service to help Americans navigate the complexities of this program. Learn more about it here…