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Filing for Benefits At Age 65 Might be a Compromise
The decision of when to file for Social Security benefits–as early as possible (age 62) or as late as practical (age 70)–is a tough one for many folks. Each end of the spectrum has its good and bad points, like cash flow early and longer but reduced, or cash flow later and shorter but increased. So, is there a compromise point on the time line? The Motley Fool’s Maurie Backman suggests that age 65 might be such a compromise point, and she explains her rationale in a post today on their website. Access it here…
If you’re on the fence about this when-to-file issue and would like to better understand the implications for your personal situation, know that the AMAC Foundation’s Social Security Advisory Service is available to help clarify your options. This service is free to the public, and can be accessed via telephone or email. Click here to learn more about it.
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.