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Avoid these moves if you want to enjoy a financially secure retirement
According to a recent survey from Nationwide, it found approximately 20 percent of baby boomers say their Social Security benefits will be their only source of income in retirement. This is in line with what the Social Security Administration is reporting that 21 percent of elderly married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their income. If your monthly Social Security benefits are going to make up the substantial chuck of your retirement income, it is important to avoid making mistakes that could potentially shrink your benefits. The attached article outlines three Social Security mistakes that you should avoid if you don’t want to shrink your benefits. Read article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.