Waiting is Not Always the Best Idea to Apply for Benefits

Most of the advice going around concerning when to start applying to receive Social Security benefits says that the best course of action is to wait until the max possible age. While this does offer the highest returns on your benefits, it is still very much a case by case basis on when you should personally apply for Social Security. The amount of time you should wait totally depends on your personal situation, including how much you have in other retirement accounts, how long you realistically plan to live, and what other benefits you are eligible to receive. For more information on this subject visit this article by Matt Frankel with The Motley Fool.

 

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.

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