The real price tag to claiming Social Security too early - CBS News

New research from economists at Boston University and the Federal Reserve Bank of Atlanta found many retirees are making a strategic mistake that can cost them tens of thousands of dollars in lifetime benefits by claiming their Social Security benefits too soon. A typical worker is leaving about $182,000 in lifetime discretionary income on the table by claiming their benefit too early. Aimee Picchi explains why this frequently used Social Security strategy could cost retirees a significant amount of money. Read Ms. Picchi’s article here…

The AMAC Foundation’s Social Security Advisory Service fields variations of this question routinely, offering those aging into this decision point an analysis of the options and variables associated with it. To learn more about this free-to-the-public service, visit the AMAC Foundation website.

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