Good Reasons to Delay Retirement
While there are likely many to list, Maurie Backman lists three reasons to delay retirement, particularly the start date for Social Security benefits. You get the highest monthly Social Security benefit for life at age 70 even though one can claim at age 62. Health care costs are a real worry and should be considered. But if you love your job, then stay, according to Backman. Many find solace in work and become emotionally isolated after retiring. Full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.