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A Need to Know List for Claiming Social Security During This Pandemic
Maurie Backman explains the predicaments many seniors may find themselves if they were or are now close to or at retirement. She reminds readers that signing up early will reduce your benefits for life and thus should be avoided if possible. But you can also undo your filing within a year. That might occur if one found another good paying job after a period of unemployment. Backman notes you can claim Social Security if you’re collecting unemployment and explains this. Lastly she explains that you can request a lump sum payment if you delayed your filing, getting six months worth of benefits maximum. 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.
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.