Latest News
When you claim Social Security determines how much you receive - Investopedia
About two-thirds of those who claim Social Security do so before reaching their SS full retirement age (FRA). Your FRA depends on the year you were born but, for most claiming SS these days, FRA is between age 66 and 67. So why does that matter? Well, because if you claim SS before your full retirement age your monthly benefit will be permanently reduced. Waiting longer to claim has some very significant financial consequences, as explained in this Investopedia article by Elizabeth Guevara.
Social Security is a complex topic. If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security or enrollment in Medicare, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of these programs. All questions are answered quickly, at no charge. Learn more about it here…
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.