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Is Working Longer the Best Retirement Strategy?

We’ve heard many say it — work longer and/or claim Social Security later. But is that really the optimal strategy? Perhaps not, says Brian O’Connor of Yahoo Finance in this piece. A number of key points are made in this article. They include: working longer is unrealistic for many; a financial advisor may be the best resource for any one person on deciding when to start benefits; Americans are notoriously terrible savers on their own; and only 5% of people delay Social Security until 70 for the max payout, though 13% nearing retirement say they will do so according to the Social Security Administration. 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.

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