Time to Collect Social Security Now?
Matthew Frankel underscores the advice commonly given– that there is no perfect age to take Social Security, and the ideal time depends on people’s life circumstances. Frankel lists a few things to take into consideration when deciding the best age for you: 1.) do you need the money now? 2.) is your spouse at full retirement age? 3.) are you close to age 70? 4.) are you prepared to leave your job? 5.) do you have younger children? While there’s no one factor of when to start benefits, a ‘yes’ to one or more of the above could be the green light to begin benefits now. 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-accredited Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.