Latest News

Thoughts on Avoiding the Age 62 Filing Impulse

Statistically, filing for Social Security at the earliest possible age (62) has always been popular, and still about a third of all new filers are that age. The proportion of early filers has been declining in recent years, doubtless because of more folks recognizing the long-range impact of the permanent monthly benefit reduction. In fact, as explained in a post by The Motley Fool’s Maurie Backman tpday on their website, filing at age 62 results in a permanent reduction of 30% in one’s monthly benefit, something that could cause a cash shortage much later in life. Depending on a retiree’s overall financial picture, that shortage could be devastating. For more thoughts on this issue, check out Ms. Backman’s post here.

The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers