One financial writer says age 64 may make most sense to start benefits
The Social Security Administration explains that, “If you live to the average life expectancy for someone your age, you will receive about the same amount in lifetime benefits no matter whether you choose to start receiving benefits at age 62, full retirement age, age 70 or any age in between.” Forget waiting until age 70 to get fewer, yet larger benefit checks or grabbing Social Security as soon as one can at age 62 to get the most but smaller checks according to financial writer Selena Maranjian. She explains why picking the “middle ground”, such as age 64, may make the most sense. Read more here… Note, The AMAC Foundation offers a free-to-the-public advisory service to all those 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.