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The Best Reason to Take Social Security Long Before 70
Kailey Hagen bucks conventional wisdom and most experts who say wait as long as possible to take Social Security benefits to get as high a monthly payment for life as one can. Hagen notes that for some people, delaying Social Security could actually cost them money in the long run. Poor health is the culprit. Those who don’t make it into their 80s are usually better off signing up for Social Security much sooner. She displays a chart to illustrate this in her full piece 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.