Thinking of Claiming Social Security in 2022? Read this first. - Motley Fool
If you were born in 1960, then 2022 is the year you will first become eligible to claim your hard-earned Social Security retirement benefits. Indeed, age 62 is the most popular age at which people claim – but just because it is the most popular age doesn’t mean it’s the right age for you. This Motley Fool article by Maurie Backman offers three important reasons why you might regret claiming your Social Security in 2022 or at any time before you reach your full retirement age. Missing from the article is yet another point: if you are still working, some of your Social Security benefits will be taken away if you exceed the annual earnings limit while collecting early SS benefits. Nevertheless, the article is an excellent read for those contemplating claiming their Social Security benefits in 2022. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…