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4 Things Most Retirees Should Never Do
Making prudent financial choices in retirement is essential to help ensure continued financial security for life. Christy Bieber of The Motley Fool details financial mistakes related to retirement that could be costly. She insists one should NOT do these four things: 1.) Go without supplemental Medicare coverage; 2.) Take on high-interest consumer debt for discretionary spending; 3.) Put too much money into high-risk investments; 4.) Withdraw money from retirement accounts without having a plan. Get more detail on these “no-nos” in the her 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.