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Claiming Social Security at 62: Discussing the Pros and Cons - Yahoo! Finance
In this interesting article by Kerry Hannon at Yahoo! Finance, the author provides an interesting perspective about the wisdom of claiming Social Security retirement benefits at the earliest possible age (62). It has been an ongoing debate with many diverse opinions about whether it is best to claim a smaller SS early, or wait longer and get a much higher monthly benefit. And the important thing about this debate is, there is no single answer – no “one size fits all” approach – because everyone’s personal situation is different. It is precisely your personal circumstances which decide what is “best” for you. Nevertheless, multiple opinions exist, as reflected in this article by those offering their personal experience and preference. What this article does provide is emphasis that there is no one best time formula which fits everyone. Click here to read the Yahoo! Finance and if, after reading, you are still wondering when you should claim Social Security, call on the experts at the AMAC Foundation’s Social Security Advisory Service to get a personal evaluation.
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 advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…