Married couples need to be careful when signing up for benefits
Maurie Backman explains why singles may be tempted to grab their Social Security benefit at age 62, even if it’s lower each month for life than waiting until full retirement age (now 66-67). But this strategy could backfire for married couples. For those without a hefty nest egg, both spouses claiming early could leave the other in a tough financial spot upon the death of the other. 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.