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Taking Social Security at age 62 necessary for some people
Selena Maranjian of The Motley Fool notes that despite what experts say about delaying Social Security benefits, there may be instances where it makes sense to claim benefits at age 62, despite the permanent reduction. She mentions three. One, it might not be worth delaying if you have health problems and do not expect to live beyond average life expectancy. Two, some people need the money at that age and cannot delay any longer. Three, some retirees want to begin enjoying their golden years right away without waiting until their mid or late 60s. Read Maranjian’s full article here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
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.