Are you misinformed about Social Security?
Social Security is so important to the over 65 million who collect monthly retirement benefits, but 35% of near-retirees aged 55-65 failed a basic Social Security quiz, while 18% earned just a D. Only 3% were able to answer all 12 questions correctly. That’s according to a recent MassMutual survey, as noted by Maurie Backman of The Motley Fool in this piece. She explains benefit calculation on the top 35 years of work and the concept of full retirement age and more. Full article 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.