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The Big Question: When Should You Claim Social Security? - Motley Fool
Here at the AMAC Foundation’s Social Security Advisory Service, “When should I claim Social Security?” is in the top 3 of our most frequently asked questions. Not surprising, when you consider that there is an 8 year window in which to claim, and when within that window you claim heavily influences how much your monthly benefit will be. The answer to that question always depends on a few things, most notably – urgency of need for the money; marital status; and life expectancy. But from a strictly financial point of view, the longer you wait to claim, the higher your benefit is going to be, as explained in this Motley Fool article by Maurie Backman.
If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…