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Fear Shouldn’t be a Factor When Deciding about Social Security - WFMY News 2
Here at the AMAC Foundation’s Social Security Advisory Service, we regularly field questions asking when Social Security should be claimed. And, with all the media coverage about potential benefit cuts in 2032 due to the program’s financial reserves being depleted, many ask us if they should claim Social Security early “to make sure they get something.” Our expert SS advisors regularly counsel against claiming SS benefits based on fear of the program going away - fact is, that is not going to happen. But we also advise that you should not claim benefits early to protect against potential future benefit cuts in 2032. While benefit cuts are (depending on Congressional action) a possibility, the worst thing you could do is claim early. Doing so would only mean the your would get less rather than more, in the event of a benefit reduction due to Congressional inaction. And this is very succinctly explained in this YouTube video piece at WFMY News 2.
Social Security is a complex topic. If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security or enrollment in Medicare, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of these programs. All questions are answered quickly, at no charge. Learn more about it 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.