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Offset COVID-19 By Delaying Your Social Security Claim
There are few Americans who haven’t been affected by the COVID-19 coronavirus pandemic. For some, that may be simple inconvenience, while for others it has meant a severe financial impact through job loss and, perhaps, depleted retirement savings. But one way all seniors have available to help offset the COVID-19 financial impact is to delay claiming Social Security. The age at which you claim benefits has much to do with the amount of money you will receive, so putting off your Social Security claim can do much to offset any loss of retirement savings you may have suffered. This FOX Business article offers an analysis of how delaying your claim for Social Security benefits can help. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.