To delay, or not to delay claiming Social Security. That is the question.
Deciding when to retire is one of the issues that most American seniors face, and when to claim Social Security benefits is usually a key element in that decision process. Although conventional wisdom from many advisors includes to delay claiming Social Security to get a larger benefit amount, there are often some pretty good reasons why delaying doesn’t make the most sense. This article by Paul Norr appears at www.financial-planning.com and discusses the way that health and financial need should factor into your thinking. 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…
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.