Social Security Report

Latest News

Considering Filing at 62? Don’t Rush, says this analyst

One of the most frequent questions we receive at the AMAC Foundation’s Social Security Advisory Service from folks approaching age 62 is simply, “Should I begin drawing benefits?” We respond with a discussion on the implications of early filing versus the merits of delayed filing, and provide thought-provoking suggestions on what needs to be considered in making this critical decision. As The Motley Fool’s Matthew Frankel, CFP® notes in a post usatoday.com, “not many people are willing to wait,” with “about a third of beneficiaries claiming at age 62.”

Mr. Frankel’s post outlines the financial consequences of early filing, as well as the reasons why delayed filing may not be the best choice for some folks. Read his full post here and if you like to know more about AMAC Foundation’s free-to-the public Social Security Advisory Service, check us out here…

Notice: The first link provided above connects readers to the full content of the posted document. The URL (internet address) for this link is valid on the posted date; AmacFoundation.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc. or the AMAC Foundation, Inc. Providing linkage to external websites does not constitute endorsement of products or services advertised thereon.