Social Security Report

Don’t Change Your Social Security Plans Because of Possible Benefit Cuts

On the heels of the recent Social Security Trustees report comes articles trumpeting the Trustees current belief that Social Security’s reserves will be depleted in 2034. That this is not new news sometimes gets lost, and could make people think that claiming their Social Security benefit as soon as possible would be smart. As pointed out by Maurie Backman in this Waco Tribune-Herald article, claiming earlier than planned in reaction to the Trustees latest report is probably exactly the wrong move.  Click here to read more.

Also, if you’re unsure about your individual situation under Social Security or have questions about your personal benefit entitlements, note that the AMAC Foundation provides an independent free-to-the-public Social Security Advisory service to help Americans navigate the complexities of this program. Learn more about it here…

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