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Memorize these three Social Security rules

Since most people will rely on Social Security benefits to at least some degree in their golden years, maximizing those benefits should be a goal.  Doing so means understanding three main rules, according to Maurie Backman.  First, even though age 62 is the most popular age for starting benefits, it means a permanent reduction up to 30%.  Second, 70 is the maximum age at which to claim benefits, as there is no accrual after that time.  Waiting beyond 70 will cost people money.  Third, working only impacts benefits between early retirement age (62) and full retirement age (66 or 67 depending on birth year).  Read Backman’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.



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