Did you know your age at filing will affect your monthly Social Security benefit?

Social Security benefits represent about one-third of all the income of elderly Americans, with 48 percent of married couples and 69 percent of unmarried persons relying on them for at least 50 percent of their household income in retirement. Since Social Security will likely be an important source of funds in retirement it’s essential to understand how your payments are determined and what actions you could take that might increase or decrease them. The attached article will explain the changes to your monthly payment you can expect depending on when you file so you can make an informed choice. Read article here…

 

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.

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