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How to claim Social Security at the right time
Robert Powell of MarketWatch has a fabulous, comprehensive piece here about claiming Social Security at the right time. Age 62 is the right time for just a select few, but misinformation and impatience accounts for so many taking reduced benefits then. He covers over and underestimating chances of survival and countering the misinformation. The central point is this– while some may benefit from early claiming, namely those in poor health, others would benefit financially for delaying claiming until age 67 or as late as age 70, especially those with a longer life expectancy. Full piece 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.
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.