Filing for Benefits at Age 70: Waiting is the Hardest Part, But it Can Pay Off

According to reports published by the Center for Retirement Research at Boston College, “only 2 percent of men and 4 percent of women wait until 70” to claim their Social Security benefits. For those who elect to wait as long as possible, the 32% bump in monthly benefits can be a welcomed boost to retirement finances, but there are situations for many Americans where earlier filing is a necessity. U.S. News & World Report reporter Rodney Brooks examines the issue of “When to file,” providing five fundamental steps to consider in making the decision, beginning with the all-important need to understand that Social Security is a part of a larger financial picture for retirees. Read Brooks’ post here…

If you’re one of those looking ahead to the retirement decision-making process, you need to give careful consideration to the timing of your options, including the impact on spousal benefits. The AMAC Foundation offers a free service that can answer questions you may have about your personal situation, with trained and certified advisors standing by to help you. Learn more about this highly-acclaimed service by accessing the Foundation’s website (


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