Many situations call for taking Social Security before age 70
Taking Social Security at age 70 maximizes the monthly payment one will get for life. But as Sam Swenson notes, there are sound reasons for starting payments earlier. These situation may call for taking payments as early as age 62: you are in poor health; you need or want the extra cash flow; you don’t plan to rely on Social Security in the long term. Read Swenson’s 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.