Social Security Report

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Age 60 without retirement savings? Do 3 things now

The good news is  Americans in their 60s have a median retirement savings balance of $172,000.   But enough older workers have little or zero in their 401k or IRA accounts.  Maurie Backman advises these folks take three steps now: 1.) Start maxing out your retirement plan contributions; 2.) Claim Social Security as late as possible; 3.) Keep working into your 70s.  Read his full piece 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.

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