Latest News
Social Security Default: Does the Risk Justify Taking Benefits Earlier?
(By - Dan Caplinger)
Tens of millions of people rely on income from Social Security when they retire. Yet there are huge concerns about the viability of Social Security’s long-term finances, as the trust fund that helps pay retirement benefits is projected to run out of money within the next 20 years. In part because of this fear of a Social Security default, the most popular age to start receiving benefits is 62 – the earliest possible. Almost half of women and more than two out of five men claim at that early age. 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.