When Should You Claim Social Security? - BankRate
It’s an almost universal question Advisors receive from clients – “When should I claim my Social Security benefits?” Actually, some people claim benefits as soon as they are eligible at age 62, without any thought to whether that is the right time for them to claim. Others may understand the basic fact that the longer you wait the more your benefit will be, but fall short of knowing what is best in their own personal circumstances. Social Security is, indeed, complicated, but in this BankRate article, James Royal lays out the case for maximizing your benefit by waiting until age 70, and also talks about why that isn’t the right decision for everyone. This is one of the better articles we’ve seen addressing the topic of when to claim your Social Security benefits – 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…