Full retirement age
Re-thinking Your Initial Claiming Decision–Two Available Options
Claiming Social Security benefits before full retirement age remains statistically more popular and, even more significant, very few new claimants wait to age 70 to obtain maximum monthly payouts. If you are in either of these two categories, it’s important…
Working After Filing for Benefits–Some Important Things to Know
Based on the many workforce reports continually surfacing, it’s no surprise that the number of Americans rejoining–or staying in–the labor force after drawing their earned Social Security benefits is increasing. In fact, as noted in a Kiplinger.com post by David…
When Should You Claim Social Security?
Ahh, the age old question, and the one most frequently asked of the AMAC Foundation’s Social Security Advisory Service – “When should I claim my Social Security?” This Bankrate article by James Royal, Ph.D., explores that question in depth, revealing…
Social Security: The power of delaying
In simplistic terms, the earlier you claim Social Security the smaller your benefit will be; the longer you wait to claim the higher your monthly payment. Reduced SS retirement benefits can be claimed as early as age 62, and your…
Social Security: How Much Will You Get?
Social Security is, inarguably, America’s most important retirement program. You work your whole lifetime contributing to the program, in return for a guaranteed income when your working days are over. And your SS retirement benefit lasts for the rest of…
How Claiming Social Security Early Can Hurt You
“Because it’s there” is the reason so many working Americans claim Social Security when they turn 62 years of age. Somewhat understandable when, for a whole lifetime, you’ve been paying money into a program and are anxious to start getting…
Before you claim your benefits at 62
You can receive Social Security retirement benefits as early as age 62; however, you will receive a reduced benefit. Although you will receive more checks than other Social Security recipients who filed later, it does not mean you will receive…
Will these politicians help solve the Social Security insolvency
Although the leading presidential candidates have promised not to cut Social Security benefits, that does not mean other politicians agree with them. Three prominent political figures have proposed different solutions to the Social Security insolvency issue, ranging from increasing the…
What is your Social Security full retirement age
This year marks the start of the Silver Tsunami, with almost 12,000 people turning 65 daily in the next few years. However, many people are surprised that they have not reached their full retirement age to be able to collect…
What waiting to 70 to begin your benefits means
We all have seen the articles that say the average benefit at 70 as of 2022 was $1,938.49 per month. However, that doesn’t tell the whole story. The group of 70-year-olds includes people who claimed Social Security at different age…