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Timing is everything with Social Security
Bruce Helmer and Peg Webb of the Wealth Enhancement Group explain some of the considerations one should make when deciding when to start Social Security benefits. They begin by noting that people decide for themselves what they get, as benefits are tied to work histories. The more years you work and/or the higher your income, the higher your benefits. The authors also explain the timing of benefits from age 62 to 70, how health is important, how survivor benefits work, and tax law and Social Security income. 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.