Latest News
The Decision to Defer Claiming is Becoming More Popular - Investopedia.com
The Social Security Administration reports that the share of claimants starting benefits at age 70 is rising, up from about 1% 15 years ago to about 10% this year (for men) and slightly higher for women. Despite this increase, claiming benefits at the earliest possible age (62) remains statistically high, 25.1% for men and 26.3% for women in 2024.
Of course, there is no single answer to when to file; personal circumstances shape the decision. However, more and more folks seem to recognize the value of a larger monthly benefit in their later years, likely because of longer lifespans. An interesting analysis of the claiming statistics is presented in an Investopedia.com post by contributor Daniel Liberto; check it out here.
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.