Americans Understand Neither Annuities Nor Social Security - USA Today & AMAC

Daniel de Visé analyzes data from two recent studies showing that Americans have poor literacy when it comes to annuities. Yet the author believes that an annuity, which is a series of fixed, predictable payments made at regular intervals over multiple years, is an essential component of retirement along with Social Security. And speaking of that program, only about 40% of Americans understand its nuances. De Visé uses examples from real multiple choice questions to inform readers in the full piece, which can be accessed 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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