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Retire at Age 70 or Older. Why That’s a Good Idea

While a majority of American still claim Social Security at age 62, waiting until the maximum retirement age of 70 yields the highest possible monthly check for the rest of one’s life. Maurie Backman cites a recent Transamerica survey that notes 39% of workers today anticipate either retiring at age 70 or later. Backman goes on to explain that the later you retire, the less of a strain it puts on your nest egg, as your savings may not need to last as long as they would for someone who retires at age 65. Full piece here.

The AMAC Foundation offers a free-to-the-public advisory service to all folks 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.

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