Latest News
This Social Security move allows you to ‘stick it’ to Uncle Sam
Brett Arends provides yet one more reason to wait to collect Social Security. Starting benefits at age 70 can hike your monthly pay by up to 80%. It is a better option for all but those in poor health. Arends explains that life expectancy has increased greatly since the last major Social Security change in 1983. Taking benefits early not only comes with a pay cut, but more and more benefits are subject to income tax, as brackets have never been indexed for inflation. Full piece 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.