Why You Can’t Count on Boosting Your Social Security Benefits
Articles and books abound about how to boost, increase, or otherwise get the most out of Social Security. The advice can really be boiled down to one strategy– delay. Wait until full retirement age or even max retirement age of 70 to get higher monthly benefits. Maurie Backman explains that here as well, “It’s possible to grow your benefits by delaying your filing. But what if that plan doesn’t work out?” It’s the latter question that she touches on in this piece. In short, life can get in the way, whether it be health problems or sudden job loss. Full piece here.
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.