Latest News
Should you wait until age 70 to start Social Security?
The most popular age that people choose to start their Social Security benefit is age 62, but far too many who do that are leaving a lot of money on the table. Waiting until age 70, if you’re able to, means that you would get about 132% of what you’re entitled to at your full retirement age (66 or 67, depending on when you were born), and that can make a big difference in your financial comfort. Though only about 3% of recipients wait until age 70, the fact is that many more could, and should, wait until later to apply. This madison.com article by Motley Fool’s Matthew Frankel describes three reasons why you should wait until you are 70 to start collecting Social Security. 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.