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Top Reasons for Claiming Social Security at 70
Kailey Hagen admits it right off the bat in this piece. Waiting to claim until 70 means many fewer Social Security checks. But, those who wait will get a far higher amount, and that amount is for the rest of one’s lifetime (plus yearly increases on a higher base). Thus, waiting pays off. Still, people must make their own decision based on expected life expectancy and financial situation. 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.