A Quick Update for Those Approaching Social Security Eligibility
For anyone on the cusp of Social Security eligibility, there are several basic program characteristics that need to be understood. Having a clear perspective on these program fundamentals will help prepare new beneficiaries for the road ahead, from an understanding of Social Security’s long-term solvency problem to the often unexpected impact of federal income taxes on the benefits you’ve earned (and, yes, this is double taxation at its very best!)
A post by freelance writer Kim Hastings appearing on www.gildshire.com provides a quick update on four basic Social Security issues newcomers should understand. Of course, this is not a complete tutorial on the program’s many complexities and decision points…for answers to the questions that those beginning to think seriously about Social Security will certainly have, it’s important to know that the AMAC Foundation offers a free-to-the-public service to respond to detail questions on this extensive program. Learn more about this program via the Foundation’s website.