Latest News

A Quick Refresher on Getting the Most Out of Social Security

The maximum Social Security benefit as of this year is approaching the $5000 mark, but it’s unlikely that many beneficiaries will reach that level of payout. In fact, the average benefit for 2024 is $1,907 after the 3.2% cost-of-living adjustment is factored in. That’s a mathematical average, of course, and there are ways for future beneficiaries to reach a higher level of monthly benefit. GoBankingRates’ Brooke Barley, in a post on their website, explains the implications of claiming benefits before or after full retirement age, and touches on strategies married couples can use to achieve a higher benefit payout. Her post also offers suggestions for the use of financial advisors to ensure that the decisions you make are appropriate for your situation.

Read Ms. Barley’s post here. Of course, if you have any questions about your benefits and how to access them, know that the AMAC Foundation offers a free-to-the public Social Security Advisory Service that can help clarify issues for you. Learn more about this service and how to access it here.

Notice: The first link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers