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Student Loan Debt & Retirement: A Tough Combo
As if coping with the normal expenses of daily are not enough, Katie Brockman reports that about one-third of baby boomers are not saving any significant income toward retirement due to student loan debt. But it should not be an either/or choice. Since Social Security replaces only around 40 percent of income, Brockman notes people should tackle their debt and save simultaneously, and this article explains why and how. Read it 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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