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Know Your Social Security Fundamentals! - USA Today
Social Security is a labyrinth of rules and regulations, sometimes seemingly mysterious, and perhaps outside the ability of the average American to align with their personal situation and decide when to claim. However, knowledge is power, as the saying goes, and understanding at least the fundamentals of how your benefit will be calculated, and how other peripheral factors may influence your benefits, will help you make an informed decision on when to claim. This excellent USA Today article by Ashlyn Brooks and Hannah Alberstadt breaks Social Security’s fundamentals down into layman’s terms you don’t need to be a financial expert to understand and will, hopefully, shed light on the mysterious world of Social Security. Click here to read more.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. Learn more about it here…