Preparing for Retirement
There is more to preparing for retirement than just applying for benefits at 66. To get the most out of retirement and benefits, you need to know what your situation looks like well in advance. The first step is to know exactly how much money you will be receiving from Social Security each month for at each age that you are able to apply. This ranges from 62 to 70, anywhere in between those years is currently when you are allowed to apply for Social Security, and each of those years offers a different number on the monthly check. Getting the most out of this number relies on many different variable, including your health, total savings, investments, and how long you plan to work past retirement age. For more information on this subject, visit this article by William Colsher with SeekingAlhpa.com.
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.