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Social Security: To delay, or not to delay - that is the question.
Most people who pay even a little attention to Social Security’s rules know that the longer you delay claiming your benefits, the more your monthly payment will be. And for many, waiting even to 70 years of age is a great choice. But, whether delaying your claim for Social Security benefits is the right move for you depends upon several factors, including your financial needs, your health and your lifestyle. As explained in the Motley Fool article by Maurie Backman, there are several questions you should ask yourself when contemplating when to claim your Social Security benefits. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it 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.