A Bad Choice Could Cost You 30% of Your Social Security Benefits
Claim it at age 62 and forget about it is what a majority of American do, but it’s a very costly decision according to Maurie Backman. Full retirement age is 67 for those born in 1960 or later. Starting Social Security at age 62 means checks start sooner, but they will be reduced by a whopping 30% for life. It’s a decision one need consider very carefully. 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.