Full retirement age

Planning for Social Security in your 40’s

When you are in your 40’s Social Security is not the first thing on your mind. You may not even be thinking about retirement yet. There are a few important things about Social Security to hold in the back of…

The ongoing Saga of Social Security’s “Full Retirement Age”

Although, for many years, age 65 was considered to be the normal retirement age, for Social Security purposes that changed with legislative changes made in 1983. In that year, legislation was enacted which gradually raised the age at which full…

Is increasing Social Security’s full retirement age on the horizon?

Social Security’s full retirement age (FRA) is the point at which you get 100% of the monthly benefit you’ve earned from a lifetime of working. Right now, the FRA for anyone born in 1960 or later is age 67. And,…

Are You Ready to Claim Social Security?

Being mentally ready to claim Social Security and being physically ready to make that move may be two different things! Sure, if you’re stressed out at work or otherwise simply ready to hang up your work clothing, and you are…

Four reasons not to take your benefits early

Many retirees are not sure when to begin their Social Security retirement benefits. If you start your benefit at age 62, you will receive a reduced amount; however, if you postpone taking your benefits from your full retirement age up…

Dramatic increase in initial claims for Social Security benefits

Americans are rushing to apply for Social Security benefits this year, for some, earlier than planned. Why? Many Americans saw the changes around the Social Security Administration and the stock market volatility as a sign that they should apply for…

When Is the Right Time to Retire?

Ah, retirement! That wonderful time of life that we dream about all during our working years, but which also presents a dilemma as we approach the end of our working career. When is the right time to retire? Do we…

About Claiming Social Security Early

One of the most frequently asked questions at our AMAC Foundation Social Security Advisory Service is “when is the best time to claim Social Security?” Our answer, of course, is “It depends.” It depends on your financial need, your health…

Ask Rusty – Will My Social Security Increase if I Keep Working After Applying?

Dear Rusty: I am going to be 67 in a few weeks & I plan on working for another year or two. According to Social Security, they count the best 35 years to come up with your benefit. I currently…

How to calculate your full retirement age

You can start your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. So, how do you find out what your full retirement age is?…

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