Latest News
When you claim Social Security determines how much you receive - Investopedia
About two-thirds of those who claim Social Security do so before reaching their SS full retirement age (FRA). Your FRA depends on the year you were born but, for most claiming SS these days, FRA is between age 66 and 67. So why does that matter? Well, because if you claim SS before your full retirement age your monthly benefit will be permanently reduced. Waiting longer to claim has some very significant financial consequences, as explained in this Investopedia article by Elizabeth Guevara.
Social Security is a complex topic. If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security or enrollment in Medicare, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of these programs. All questions are answered quickly, at no charge. Learn more about it here…