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Optimizing Your Social Security Benefits - U.S. News & World Report
Here at the AMAC Foundation’s Social Security Advisory Service we are sometimes asked “how can I maximize my Social Security benefits?” Well, the answer to that question is simple - just wait until age 70 when your benefit reaches maximum to claim - but that is seldom the right question. The correct question is “How can I optimize my Social Security benefits, considering my personal circumstance?”
Of course, everyone wants to get the highest benefit possible, but each person’s personal situation is different and needs to be looked at holistically before deciding on a claiming strategy. The best strategy considers financial needs, work status, marital status, and life expectancy, among other factors, but, woefully, a majority of those approaching Social Security do not understand how to avoid making mistakes that will haunt for one’s remaining years. And that’s where this article by Brian O’Connell, appearing at U.S. News & World Report, comes in, revealing 7 Social Security mistakes to avoid. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…
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.