The Social Security Trap You Can’t Afford to Fall Into
Misinformation and misunderstandings can cost you dearly when it comes to claiming Social Security benefits according to Maurie Backman. Claim at 62 and forget about it seems to be the mantra. But the author points out one must understand their full retirement age (66-67 depending on birth year) and claiming at any date before that means a permanent cut to benefits for life. 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.