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3 No-Brainers to Beat the Average Social Security Benefit
You’ve likely heard it all before– you can’t live on Social Security alone, and the 2022 average of $1,677 per month or $20,118 per year is a testament to that. Boosting it means working a full 35 years to avoid any zeros in the calculation, waiting longer than 62 to claim (up to age 70 if possible to get the max benefit), and maximizing earnings for every working year. Keith Speights also advises boosting savings one’s entire life in 401k and IRA accounts. Full article 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.