3 Social Security Myths That Could Cost You Big Time
Katie Brockman reports on a survey from Nationwide that found 91% of Americans age 50+ don’t know what factors influence the maximum benefit amount they can receive. She reports in this article on three myths that could further confuse folks and costs them dearly if they believe them. The myths are: 1. Social Security is going bankrupt (it is not, but it is going insolvent); 2. It’s always better to delay claiming benefits; 3. You can claim early and still receive your full benefit amount. 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.