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About Planning for your Social Security Claim - Motley Fool
When is the best time to claim Social Security? Sounds like a pretty simple question, doesn’t it? But there is no simple answer, other than “it depends.” When you should claim your Social Security benefit depends on a number of different factors which are specific to your personal circumstances, including how badly you need the money, how long you expect to live, if you are working, and whether you are married. You see, if you’re working full time you may not even be eligible to collect benefits until your earnings are less or you reach your full retirement age. And if you expect to enjoy a long life, waiting longer for a higher benefit may be the smart thing to do. Or if you’re married, spousal and potential survivor benefits should be considered too. There is no “one size fits all” best time to claim your Social Security benefits, as explained in this Motley Fool article by Selena Maranjian.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. 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.