How Much Money Will You Actually Get From Social Security?
Kailey Hagen notes it’s partly up to people themselves as to the amount they will actually receive. This short but comprehensive article explains how benefits are calculated. Hagen provides the usual good advice to maximize income by working a full 35 years and waiting to start benefits as long as possible. She explains what happens to benefits when started before full retirement age (now 66-67 depending on birth year). She also urges readers to establish a My Social Security account on-line. Her full piece is 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.