Latest News
Waiting to claim benefits can be a very smart move
The rules are actually pretty simple - claiming Social Security before your full retirement age will result in a cut in benefits, and delaying past your full retirement age (FRA) will get you a bigger benefit for the rest of your life. But, is it always smart to delay your claim? Well, no, because there are often valid reasons for collecting Social Security earlier than your FRA. But there are also some pretty good reasons to wait if you can, especially if you’re in good health and expect at least average longevity. This article by Maurie Backman, appearing at the Arizona Daily Star’s tucson.com website, explores how delaying your Social Security claim beyond your full retirement age will yield some pretty impressive benefits. Click here to read more.
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.