What’s the Best Age to Claim Social Security for 60% of Retirees?
You can claim Social Security benefits as early as age 62, and they will be the lowest monthly amount to which you are entitled, though you’ll get more checks. Wait until age 70 and the monthly amount is the highest possible, though you’ve given up eight years’ worth of payments. What should one do? Christy Bieber notes age 62 is by far the most popular claiming age, though she notes poverty would decline further among seniors if more people waited until their maximum age. But is it right for everyone? Read here to find out.
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.