Reasons Not to Claim Social Security Early

Most folks are aware than claiming Social Security before reaching your full retirement age will result in a smaller benefit. Nevertheless, sometimes there are very good reasons to take your benefits early - chief among them poor health and financial need. But there are also several very good reasons NOT to claim Social Security early, not the least of which are that your benefit will be permanently reduced, as will your lifetime cumulative benefits if you live a long life. All of this is discussed in this Omaha World-Herald article contributed by Maurie Backman. 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.
