Latest News
Delaying benefits until age 70: Some bad reasons to do it
As most people know, delaying benefits past one’s Social Security full retirement age can yield some pretty significant financial benefits, especially waiting until age 70 when your Social Security can reach its maximum amount - as much as 32% more than at your full retirement age. The lure of those extra hundreds of dollars in your Social Security paycheck can be pretty enticing, but it’s a decision you should approach carefully because there are several reasons why waiting until age 70 is not such a good idea. As Selena Maranjian explains in this madison.com article, there are at least 3 awful reasons to wait until you are 70 to apply for benefits. 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.