The Upside of Claiming Social Security benefits at 62
“Wait” is what the experts always say. Indeed, for anyone who can hold out until age 70, the maximum age for claiming benefits, he/she will get the highest possible monthly benefit for the rest of his/her life. The difference is substantial, as much as a 50% increase over claiming at the earliest possible age of 62. But as Maurie Backman notes in this piece, there is an upside to claiming at 62– “You’re not betting on your own longevity.” Read full article 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.