Another Plug for Delaying Retirement -

Conventional wisdom is to avoid filing for Social Security benefits at the earliest possible eligibility (age 62)…most everybody knows that, and there are of course exceptions to that general wisdom. As our staff members at the AMAC Foundation Social Security Advisory Service typically say when asked the question, “Should I start drawing my benefits at age 62?,” it depends. And one of the key factors it depends on is whether or not obtaining the maximum monthly benefit payout available to you is a critical component in your retirement financing strategy.

There are sound reasons for taking benefits early. Among them are severe cash needs, ill health, and the absence of expectations for a long life span due to family history. But for those who can wait, most financial advisors will suggest that you do so. In an article by Caitlin Hornik posted on, the substantive factors supporting the decision to defer filing are covered, along with a host of related points associated with Social Security. Check out Ms. Hornik’s post here…

If you are still unsure about your filing options and strategies, remember that the AMAC Foundation’s Social Security Advisory Service is available to help you. Learn more about this free-to-the-public service here…

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