Latest News
Misunderstanding Social Security can be very costly
It’s a pretty well established fact that most retirees count on Social Security as a major portion of their retirement income. Though the program was designed to replace about 40% of one’s pre-retirement income, about half of all current single beneficiaries rely on Social Security for at least 90% of their income, a pretty stunning statistic. So even a simple misunderstanding about Social Security can be a very costly thing. In this Motley Fool article by Katie Brockman, the author offers 3 facts which most people get wrong about Social Security, which could mean a big dent in their benefit payment. Click here to read more.
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.