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Avoid costing yourself $456 in monthly Soc Sec benefits
It’s actually a familiar refrain in most articles on Social Security. Wait! That is, wait as long as you can but at least until full retirement age to get full benefits (age 66-67). Full benefits are NOT paid at age 62, as Maurie Backman points out. They are cut up to 30%. For the recipient collecting the current average monthly benefit, that means $456 less per month, a permanent lifetime reduction in benefits. 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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