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3 Harmless Things That Can Hurt Your Soc Sec Checks
Katie Brockman cites a survey from Nationwide that revealed 91% of workers age 50+ do not know how their benefit amount is calculated. With this in mind, her article here focuses on three mistakes she implores people not make: 1. not working a full 35 years; 2. claiming at the wrong age (it pays to wait to start collecting at age 70 if one can); 3. not applying for all the different types of benefits you might be entitled to, which might include spousal benefits, survivors benefits, and divorce benefits. Read the 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.
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.