Claiming Strategies and the Impact on Your Benefits
Although estimates vary among analysts, it’s no secret that waiting to file for Social Security benefits will result in a larger monthly payment over a drawing period. And with 62% of elderly beneficiaries relying on their Social Security benefit for half or more of their total monthly income, it can become crucial for some to be certain that this monthly payment is as high as one can make it. In a post today on host.madison.com, The Motley Fool’s Sean Williams examines the statistics associated with various claiming strategies. Read his article here…
If you’re confused about the rules on claiming your earned Social Security benefits, know that the AMAC Foundation offers a free service to help you reach a decision on what’s best for your situation. Learn more about this service on the Foundation’s website,
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.