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Some Important Things to Know About Social Security

In 2002, then-Secretary of Defense Donald Rumsfeld issued a proclamation that has been referenced repeatedly throughout the years, and it went like this: ““[A]s we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns — the ones we don’t know we don’t know.” The Motley Fool’s  Matthew Frankel, CFP®, in a post on their website, zeroes in on the final point in this statement–the unknown unknowns–by addressing several key Social Security parameters that are often not clearly understood and that can lead to decision that are in some cases less than optimal. Check his post out here.

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.

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