Most Americans don’t know three essential facts about Social Security
Christy Bieber of The Motley Fool summarizes a new Nationwide survey that stated 76% of older adults didn’t know what their full retirement age was. Further, 52% didn’t know that Social Security provided income for life, and 60% failed to grasp that Social Security was protected against inflation. Knowing the basics about Social Security can help one decide when to claim benefits and how these benefits will affect lifetime income. Read the full piece here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.