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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, “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

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