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A $5,000 per month Social Security benefit? - GoBankingRates
May seem like an unreachable star, but getting a monthly Social Security payment of $5,000 isn’t an impossible dream! As the saying goes, good things come to those who wait, and that is precisely true when it comes to when you claim Social Security. Although age 62 is the most popular age to claim SS benefits, waiting longer - even until age70 - will result in significant financial reward. Benefits at age 70 are about 75% more than those taken at age 62, as explained in this GoBankingRates article by Jennifer Taylor appearing at Yahoo! Finance.
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…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.