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Beware making a Social Security blunder
Columnist Brett Arends cautions Social Security beneficiaries against making one very bad move, in his opinion. This is it: taking Social Security early while at the same time either buying a private annuity, or taking an annuity from your company pension plan instead of a lump sum. While taking Social Security at any time before age 70 leads to lower monthly checks, the mistake here is doing both of the above at the same time. Read the full piece by Arends 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.