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The absolute worst reason for claiming Social Security early
Social Security can be started anywhere from age 62 to age 70, but the most common age people choose is 62. And there are some pretty good reasons for starting benefits early, including simply needing the money. But there is one very, very bad reason for starting benefits early, and that is fear that the Social Security program is going broke. As this Motley Fool article by Matthew Frankel explains, though the program certainly has some financial issues that need to be addressed, it’s not going broke anytime soon, so that is the absolute worst reason for starting to collect early.
AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.
Click here to read Matthew Frankel’s article about the #1 worst reason to claim Social Security early.
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.