Eager beaver Social Security claimers hurt their retirement
“Grab it as soon as you can” has been the mantra from a majority of filers for Social Security for a number of years now, as folks are beginning benefits at age 62, the earliest possible time. Experts agree it’s a terrible mistake for most people. Maurie Backman explains about permanently reduced benefits and a lifetime of lost income if one lives a long life not to mention the lost years of compounding if one withdraws or stops contributing to 401k plans or IRAs. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
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