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Beginner’s Guide to Social Security - AMAC
In this highly insightful article, the Executive Director of the AMAC Foundation explains that retirement is very much a journey, not just a destination. Social Security was intentionally designed to represent only a portion of your retirement income (40% at most) and, because traditional pension plans are fast becoming a thing of the past, your journey to a comfortable retirement necessarily includes developing other sources of retirement income. Savings and market investments, of course, are one way, but other options such as 401(k), IRA, and Roth IRA should be in the picture as well. Crucial to your plan should be a clear understanding of the Social Security benefit available to you, and how you can affect the amount of benefit you will get to supplement your other sources of income. All of this is explained in this Beginner’s Guide to Social Security written by Gerry Hafer, Executive Director of the AMAC Foundation and leader of the Foundation’s Social Security Advisor Service. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…