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.
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