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The Best Reason to Take Social Security Long Before Age 70
The literature often seems near unanimous on Social Security– wait as long as possible, even until age 70, to start benefits in order to maximize them for life. But as Katie Brockman reports here there’s one key reason you should consider claiming much sooner than that: to avoid regret. Brockman explains the one “do-over” you get, as long as the decision to begin benefits is rescinded within one year. To help decide the right age to begin Social Security, see the 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.