Misunderstandings about the Social Security program
An uncomfortably huge portion of American seniors simply don’t understand how the Social Security program works, which means that they could very well end up losing a considerable amount of the benefits available to them. Fully two-thirds of future retirees admit they aren’t comfortable that they really know how the program works, nor how it fits into their own future. Nevertheless, many of these people claim benefits as soon as they are eligible at age 62, leaving 10’s of thousands of dollars on the table. In this 401kSpecialist magazine article, author John Sullivan explains the conundrum of the Social Security program’s immense popularity versus the lack of knowledge about how it works. 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 service to help Americans navigate the complexities of this program. Learn more about it here…