Not Knowing Social Security Fundamentals Can Hurt You!
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Social Security is complex. Yes, that’s an understatement, and that’s why the AMAC Foundation’s Social Security Advisory Service was established almost seven years ago. We regularly provide service to a public desperate to understand Social Security’s rules and how they impact personal situations, and most folks requesting help are aware that a misstep in the initial benefit filing process can result in the loss of financial return in the future. That’s why we take care to ensure a clear understanding of Social Security’s basic regulations as part of our initial counseling.
Here, in a post today by The Motley Fool’s Maurie Backman on their website, are three very simple situations that, if not clearly understood, can lead to a loss of benefits in the long run. The first has a direct effect on the monthly benefit paid to you, while the second and third relate to common misconceptions that can lead one to make a less-than-optimal decision on when to draw benefits. Check out Ms. Backman’s post here…
To learn more about the AMAC Foundation’s free-to-the-public Advisory Service, please visit the Foundation’s Services webpage.