Social Security Report

Thinking about retirement? Here’s what you should know

Planning for your retirement can sometimes seem, to quote Winston Churchill, like a riddle wrapped in a mystery inside an enigma.  While many planners will say you’ll need 80% of your working income in retirement, reality is that you have more time to enjoy life, so may instead need more.  The simple realities of aging says you’ll spend a lot more on healthcare, and with traditional pensions becoming more and more rare, you’ll probably rely pretty heavily on Social Security and your savings for any degree of retirement comfort.  Will you have enough?  This article by Maurie Backman appears at madison.com and discusses several key factors you should know as you plan for your golden years.  Click here to read more.

Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…

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