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Another Viewpoint on the Early Filing Decision Dilemma
Most financial advisors, along with hoards of general advice documents circulating on the internet and other media channels, take the stance that filing for Social Security retirement benefits at the earliest opportunity–age 62–is generally a bad move. The discount, of course, is severe (as much as 30% for filers with a full retirement age of 67) and, perhaps more importantly, it’s a decision that will be with you for the3 rest of your life. Still, there are situations where it makes sense to consider, as explained in a post by The Motley Fool’s Maurie Backman in a post on mooresvilletribune.com. Check it out here, and if you still have questions about this matter, feel free to contact the AMAC Foundation’s free-to-the-public Social Security Advisory Service, where a staff of accredited advisors is available to help you.
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.