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5 Common but Avoidable Retirement Mistakes
Maurie Backman cautions seniors not to steer clear of five retirement blunders, in order to avoid spending their golden years as unhappy and/or financially strapped. She states do NOT, 1. Claim Social Security at the wrong time; 2. Underfund your IRA or 401(k); 3. Underestimate what healthcare will cost you; 4. Avoid planning for long-term care, as an estimated 70% of seniors aged 65 and over will require long-term care in their lifetime; 5. Forget about taxes. Read 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.