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Keep portfolio intact by taking Social Security early

Conventional wisdom, at least as measured by what most experts say in financial articles, suggests delaying Social Security benefits as long as possible.  After all, delaying from full retirement age until age 70 yields an 8% annual benefit for waiting.  But for those with stock and mutual fund portfolios, the choice often means selling those assets while one delays.  William Lako suggests that his clients take benefits as soon as possible in most situations.  He notes they’ve earned them, so why wait?  He correctly points out Social Security benefits have no beneficiary.  Your heirs and estate receive nothing, but they will receive what is left from private retirement accounts.  Ultimately everyone’s situation is different.  To that end, 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.  Read Lako’s piece here.


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