Latest News
Fewer Claiming Social Security Early, by Percentage
(Source - FEDweek)
Studies showing that greater percentages of people are claiming Social Security benefits as early as possible can be based on misleading figures, the Center for Retirement Research has said, concluding that to the contrary, the share of those starting to draw benefits at age 62 is continuing to decline.
The age at first claiming Social Security benefits is important to beneficiaries since benefits are reduced for those claiming before full retirement age, which currently is 66; likewise, benefits are increased for delaying past that age up until claiming at age 70 (after which there is no longer an increase). 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.