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Beware: Some Social Security Tips Could Do More Harm Than Good
Katie Brockman discusses familiar territory in this piece by stating people should try to maximize their Social Security benefits, as they will be what sustains people in retirement by keeping them out of abject poverty. But she cautions those who don’t expect to live into their 80s or beyond may actually receive more money in lifetime benefits by claiming early rather than delaying benefits. Brockman also explains how to handle working and collecting benefits and concludes by noting the importance of choosing a state for residence that does not tax benefits. Read the full piece 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.
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.