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Words of Wisdom on Sociaql Security, Beginning with When Benefits Hit Your Checkbook - Creators.com
As we often do here on this website, we are channeling insights today from the venerable Tom Margenau, a 32-year veteran of Social Security administrative positions. In this piece, he begins with an observation about the mistake of taking uninformed advice from friends about how Social Security works. We agree with his observation on this general point, and that’s why we’ve built an extensive Advisory Service here at AMAC Foundation to help folks–free-of-charge–sort fact from fiction as they prepare to make the key decisions affecting their participation in this critical senior support program.
Back to Mr. Margenau: In this creators.com post, he explains a variety of Social Security’s general operating procedures, beginning with a clarification of the timing of benefit payments. He also addresses the frequent question of when to file for benefits, as well as miscellaneous issues like Congress’s participation in Social Security and how benefits can change due to continued workforce participation.
By the way, for those who move when they retire, here’s an adage that is frequently observed: When you move to a new retirement spot, you’ll automatically acquire two expert consultants–the neighbor on your right and the neighbor on your left. When it comes to Social Security, don’t listen to them. Get the facts.