4 Reasons To Not Count on Social Security in Retirement
Social Security is an important program to all who contribute and/or receive benefits. But, Maurie Backman suggests younger people who are not yet collecting should not necessarily count on those benefits, as in not factor them in to any retirement plan. Here are the four reasons why Backman states that: 1. I’m not sure what those benefits will amount to; 2. All benefits could be slashed in the future; 3. Those benefits won’t replace all that much of my income; 4. I want the pressure to save. She explains each point in the 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.
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