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Claiming Social Security at 62 Usually Not Wise - Waco Tribune-Herald
There is certainly no question that 62 is the most popular age to claim Social Security, as evidenced by the statistic that about 33% of beneficiaries do. But just because 62 the most popular age to claim, doesn’t mean that it is the best age for each person’s personal circumstances. Reality is that each person should look at their overall situation, including and especially their life expectancy, when deciding when to claim Social Security. Other factors have influence, of course, but because claiming early means a lower benefit amount for the rest of your life, your best hedge against running out of money in retirement may very well be waiting longer to claim your Social Security benefit, as explained in this Waco Tribune-Herald article by Adam Levy. Click here to read more.
Also, 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.