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Waiting until 70 for Social Security can be a smart move
It’s the old “when should I retire” question again; the one that is asked by almost everyone approaching or attaining the age when they consider taking their Social Security benefit. There are as many reasons for taking your benefit early as there are for waiting beyond your full retirement age to claim, and the answer to “When?” lies in evaluating your own personal circumstances. Depending on the result of that evaluation, you may find that waiting until age 70 is the best strategy for you, as this Motley Fool article by Matthew Frankel explains. Do you plan to keep working? Are you the higher earning spouse? Click here to read more about reasons to wait until you are 70 to apply for your Social Security benefits.
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.