Latest News
Taking Social Security at age 62 not the right choice for many
Despite the fact that age 62 is when you will receive the least benefit you are entitled to, it is by far the most popular age to claim benefits. Your full retirement age, anywhere from 66 to 67 depending upon the year you were born, is when you get 100% of the benefit you have earned from a lifetime of working and, by delaying beyond that, you can earn another 8% for each year you wait until age 70. With that kind of benefit growth potential, it’s easy to understand why most financial advisors recommend you carefully examine your choices before automatically claiming as soon as you’re eligible. This Motley Fool article by Dan Caplinger explans.
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.