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…
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.