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You Need to Know These 3 Things if Claiming Benefits in 2024
Maurie Backman reminds readers of the importance of knowing that full retirement age is not 62. It’s 67 for those born 1960 or later. She notes people need to know this as well as know their estimated monthly payment at several ages (62, 67, or 70). Their statement of earnings from the Social Security Administration will show these figures. Finally, Backman stresses the importance of delaying benefits until 70, if possible, to reap a nice financial windfall. Full article 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.