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Answer 3 Questions to Help Determine Your Retirement Date
Christy Bieber helps people answer the sometimes tough question of when to retire. A key point in selecting an age between 62 and 70, at least as far as electing when to begin Social Security monthly benefits, is this: Would you prefer more small Social Security checks or fewer large ones? Starting at age 62 yields one the most possible checks, but for the smallest amount. Waiting until age 70 yields the largest, but eight years of income was not received. Bieber’s piece also addresses these two questions: How aggressively can you save for your future, and what are your retirement plans? Full piece 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.