Misunderstanding Social Security Will Hurt You - planadvisor
A program with over 2,700 rules and regulations might be generously described as “complicated,” but what’s an even more serious problem is the number of myths and misunderstandings which permeate public thinking about Social Security. A case in point – the recently published AMAC Foundation book “Demystifying Social Security” (available at Amazon.com) dedicates an entire chapter to “Fallacies” about Social Security intended to dispel those pervasive myths, which sometimes seem to have taken on a life of their own. On the subject of Social Security misconceptions, this planadvisor.com article by Kimberly Lankford provides an excellent description of six serious misconceptions about Social Security, each of which might influence when you claim and, thus, permanently damage your retirement income. Click here to read more.
If you’re unsure about how Social Security works, 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…