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Assessing the “When to File” Question in the Face of Projected Benefit Cuts
The persistent question of when to claim Social Security retirement benefits–early or as late as age 70–perplexes many folks, and as we explain here at the AMAC Foundation it’s not a simple decision. There are a number of factors to consider, from health to available financial resources, and often the decision in many folks’ minds comes down to the “breakeven” point. But what about the much-ballyhooed solvency problem facing Social Security in a decade (or less) and the impact this may have on the size of benefits? Barron’s editor Neal Templin explains that the solvency-driven benefit cuts should not influence your decision, and he presents a case for that perspective in a post on barrons.com. Check it out 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.