Latest News
Many baby boomers jeopardize their retirement by doing this
According to recent data from Legal & General, a multinational financial services company, found one in five U.S. homeowners received a gift or a loan from a friend or family member to buy their home. Seventy-two percent of the lending coming from the parents with the average of $39,000 given either as a gift or an interest-free loan. But at what cost to the parents? Read article 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.