Retirement Planning’s “Big Question”
The closer one gets to the point of Social Security eligibility, the bigger the question of “When should I retire?” looms. While it’s a basic question, it’s anything but simple, and there are strong and lasting implications associated with it. Should I apply at the first chance (age 62), or should I wait until my Full Retirement Age (age 66 or 67)? What if I wait until age 70? What about my spouse? Can I, or should I, continue to work after I apply? And on and on.
The more you look into the subject, it seems the more questions arise. Fortunately, there’s much material around to help you deal with the unknowns. One such source is a brief titled “When Should I Retire?” published by the Society of Actuaries (SOA), and it’s the subject of an article published today on www.cbsnews.com by Moneywatch’s Steve Vernon. You can access Vernon’s article here, and also know that the AMAC Foundation offers a free-to-the-public Social Security Advisory service that can help you navigate the many questions you may have about Social Security and your personal situation. Learn more about this service 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.