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Why It May Make Sense to Take Benefits at 62
We often hear the benefits of waiting to collect Social Security because the benefit amounts increase yearly, with increases of 8% between full retirement age and age 70. But Christy Bieber of The Motley Fools notes there are times when it makes sense to claim benefits early, namely when health is an issue. Read more here… The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security to provide guidance in understanding the complexities of the program and the myriad rules and regulations associated with the process for claiming benefits. NSSA-Certified Social Security Advisors are available via email or telephone to discuss options. Learn more via the Foundation’s website.
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.