Latest News
How delaying Social Security can get you a bigger check
Despite the fact that a majority of Americans claim their Social Security benefits before they reach their full retirement age (or “FRA”), delaying your application beyond your FRA will earn you delayed retirement credits to the tune of 8% more for each year you delay. That means you could be collecting a lot more money over your lifetime if, of course, you live long enough. Delaying is a good strategy for some but there isn’t a one-size-fits-all solution when it comes to deciding when to start your benefits. This Motley Fool article by Matthew Frankel explains that delaying Social Security can get you higher income for life, but it isn’t for everybody. Click here to 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.