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Are You Ready to Claim Social Security in 2021?
Every year, millions of Americans become eligible to claim the Social Security benefits they’ve earned from a lifetime of working. But, becoming eligible to claim (at age 62) is a far different thing than actually being ready to claim. In this article, Kailey Hagan offers several signs which may indicate you’re ready (or not ready) to claim your Social Security benefits, including whether you understand the role that age plays in deciding your benefits, that you understand the tax implications of claiming, and that your spouse (or other dependents) can be affected by your decision. In this Motley Fool article, Ms. Hagan offers three signs which might indicate you’re ready to claim benefits. Click here to read more. And although not mentioned in the article, your plans for working must also be considered because there is a limit to how much you can earn while receiving early benefits.
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 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.