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Social Security myths that could cost you dearly
Over 60% of Social Security beneficiaries rely on those benefits for at least half their income, according to the Social Security Administration. Therefore it is so important to make the most educated decision you can about when to start collecting. Katie Brockman of The Motley Fool debunks these three myths: grab the money as soon as you can, that there is one “right age” to retire, and that you lose benefits permanently if you work and collect benefits. Read more on why each of those statements is false 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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