You Might Regret Claiming Social Security at 62
It’s the most common age to begin Social Security, yet it pays people the lowest monthly benefit– permanently. Many people think that’s the age when they should claim; it’s a sort of “take it as soon as possible” mentality. Kailey Hagen reminds folks that early claiming forever reduces Social Security checks up to 30%. She notes the best age to claim depends on your life expectancy and financial circumstances 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.