early retirement

Thoughts on Avoiding the Age 62 Filing Impulse

Statistically, filing for Social Security at the earliest possible age (62) has always been popular, and still about a third of all new filers are that age. The proportion of early filers has been declining in recent years, doubtless because…

The On-Going “When to File” Debate…Another Perspective

One of the most persistent questions we receive here at the AMAC Foundation Social Security Advisory Service is deceptively simple: “When should I begin drawing my earned Social Security benefit?” And as frustrating as it may seem to our callers,…

There’s a clear advantage to claiming Social Security at a certain age.

Are you aware that the age you file for your Social Security benefits matters? You can start receiving your Social Security retirement benefits as early as age 62 but at a reduced amount. However, if you delay taking your benefits…

Another Perspective on the “Claiming At 62” Question

Age 62 remains the most popular age for claiming Social Security retirement benefits, and there are many pros and cons cited either in favor or disfavor of this as a filing strategy. Here at the AMAC Foundation Social Security Advisory…

The Flip Side of Increasing the Full Retirement Age

If you’ve been tuned into the rapidly escalating debate on how to address Social Security’s solvency problem, you’ve likely seen many references to one of the suggested “fixes”–increasing the program’s full retirement age (FRA) from its current age 67 for…

Why you may want to claim your Social Security benefits early

You can start receiving Social Security benefits as early as age 62 or any time after that. The longer you wait, the higher your monthly benefit will be, although it stops increasing at age 70. Your monthly benefits will be…

What you need to know about retirement ages in the US

Your age matters when it comes to Social Security benefits. You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your full retirement age. If you…

Early retirement may impact cognitive functioning

A recent study suggests early retirement may accelerate cognitive decline later in life. Plamen Nickolov, assistant professor of economics at Binghamton University, said, “ We find that increased social isolation is strongly linked with faster cognitive decline among the elderly.”…

Should you should retire now?

You can begin your Social Security retirement benefits as early as age 62. However, If you start receiving benefits early, your benefits are reduced. You are entitled to full benefits when you reach your full retirement age. If you delay…

Yet Another Reason to Avoid Early Retirement

We probably should have seen this one coming, given the many articles about the need to remain active in retirement and to have a plan for some form of mental engagement after pulling the plug on a career. In an…

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