Claiming Social Security at 62 Might Bring Remorse Later
Selena Maranjian notes that claiming Social Security at 62 is the most common age for filers. Some have little choice, as their health or financial situation or both is dire. But more shortchange themselves by claiming at 62. Why? Maranjian explains the large, permanent benefit cut AND forever diminished cost of living adjustments due to calculations on reduced benefits that result from claiming at 62. Read the full article 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.