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The Case for Waiting until Age 70 to Claim SS
Another article appearing in today’s posting makes a case for claiming Social Security at full retirement age. This article by Maurie Backman which appears at the International Business Times poses a much different scenario - waiting until you reach age 70 to claim. While they are two very different approaches to deciding when to claim Social Security, both are valid depending upon ones personal circumstances. In many cases, especially when ones longevity outlook is good and the money isn’t urgently needed, waiting until age 70 to claim makes a lot of sense. In other cases, claiming at full retirement age is the right choice. In the end, everyone’s personal situation is different and the best age to claim must be viewed in the context of that personal situation. Click here to read Maurie Backman’s article on the benefits of waiting until age 70 to maximize your benefit amount.
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.