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Debating when to take Social Security
In this blog by Vanguard’s Senior Wealth Planner Jackie Youseff, the author jumps right into the ongoing debate about when is the best time to claim your Social Security benefit. But in stating her informed opinion, she lays out a compelling case to, health permitting, wait until you are 70 years old to apply for your maximum Social Security benefit and, along the way, realize the advantages of smaller “RMDs” (Required Minimum Distributions), lower income taxes, and more total Social Security benefits collected over your lifetime. Of course, no one knows whether they made the right timing decision until it’s too late, but making the decision on when to claim armed with all the facts available to you now will most often be the right choice. Click here to read more.
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.