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Another Reason to Seek Social Security Advice!
The Motley Fool’s Katie Brockman, in a post on kenoshanews.com’ Business page, explains the impact of a commonly-held misunderstanding about how Social Security benefits are awarded to eligible beneficiaries. As she points out, a view held by 70% of surveyed baby boomers believe that filing early–in advance of their full retirement age (FRA)–will only decrease benefits temporarily, or until they reach their FRA. NOT SO…it’s a permanent reduction, and depending on one’s life span, can lead to a substantial loss of financial benefits in later years. Read Ms. Brockman’s article here…
This is but one of the misbeliefs many folks approaching Social Security eligibility have about the program, and at the AMAC Foundation’s Social Security Advisory Service, we’ve encountered them all! It underscores the importance of seeking informed advice before making decisions that are usually irrevocable and that can have a significant impact on your financial situation. To learn more about this free-to-the-public service provided by the AMAC Foundation, click here…
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