In 2013, AMAC—The Association of Mature American Citizens—took a big step with the creation of the AMAC Foundation, Inc., a registered 501(c)(3) non-profit entity designed to serve Americans. The Foundation’s mission is to help protect and ensure the financial security, health, and social lives of current and future mature Americans, and to help Americans navigate the bewildering array of decisions they need to make.
The Foundation’s projects and plans include providing factual information that improves understanding of the positive value of Social Security and Medicare and the current and long-term challenges these programs face, as well as providing interpretations by Certified Social Security Advisors through AMAC publications, workshops, webinars, podcasts, and telephone support.
In addition, the Foundation serves all Americans in a variety of capacities, including provision of a source of education on the principles of American Free Enterprise, long-term retirement financial planning, and preparing for life—and potential employment—after retirement.
We invite you to learn more about the Foundation and its operations at www.AmacFoundation.org
I am retiring this December and plan on applying for social security. I will be 66 in December. When do I need to apply and how do I make sure I get the maximum social security benefit for me.
Patrick
Unless your birthday is December 1st, 2021, you will reach your full retirement age (FRA) of 66 & 2 months as of February 1st, 2022. You can apply anytime now if you would like to start your Social Security benefits in February 2022 and receive 100% of your FRA benefit. If your birthday is December 1st, 2021, as Social Security considers you born the day before, November 30th, you can actually apply to start your benefits in January 2022, as Social Security will consider you your FRA as of January 1st, 2022.
If you would like to increase your Social Security benefit beyond your FRA and earn delayed retirement credits (DRCs) equivalent to 2/3 of 1% per month, for a total of 8% per year, you can delay until you turn 70 and increase your benefit by 30.66%, for the maximum benefit you can receive. Do not delay taking your benefits beyond the age of 70 as they quit growing at the end of the preceding month.
If you have further questions please contact us by emailing [email protected] or calling 888-750-2622
Sharon Kleczka RSSA
AMAC Foundation, Inc.
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