When Should You Claim Social Security? - Bankrate.com

Ahh, the age old question, and the one most frequently asked of the AMAC Foundation’s Social Security Advisory Service – “When should I claim my Social Security?” This Bankrate article by James Royal, Ph.D., explores that question in depth, revealing that the right answer depends entirely on your personal circumstances. Do you urgently need the money? What is your life expectancy? Fact is, everyone’s situation is different, so there’s no pat answer to when you should claim.

If understanding what the rest of those new to Social Security have done is of value, the article also provides a breakdown of the ages at which new beneficiaries claimed last year. Just remember, that the age someone else claims isn’t what you should base your decision on. As this Bankrate article suggests, evaluate your personal circumstances in depth and make your personal claiming decision an informed one.

To assist you with your personal evaluation, note that the AMAC Foundation provides a free-to-the-public expert advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge, by certified Social Security Advisors. Learn more about it here…

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