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Don’t Claim Social Security If You Can’t Answer These 4 Questions
It’s a decision most of us will have to face eventually– when to start Social Security benefits. Christy Bieber notes once you make that choice, you have few options for a do-over, and you could affect the amount of income your benefits provide for the rest of your life. Therefore, Bieber says everyone must get answers to these four questions before starting benefits: 1. How much will my monthly benefit be? 2. How does this compare to my potential maximum benefit? 3. Will my spouse need to rely on survivor benefits? 4. Will I be taxed on my Social Security check? 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.