Latest News
Nervous about the Market Slump? Don’t Claim Social Security Because of it
With the financial markets free-falling as they have done in recent weeks, many people may be tempted to claim Social Security as a hedge against their market losses. But, slumps such as the financial markets are experiencing now are not at all unusual, and are temporary. But claiming your Social Security benefits early will mean a permanent reduction. As most financial advisors will tell you, the best way to ride out a volatile financial market is to stay calm and not make any irrevocable decisions, as explained in this CNBC Markets article by Lorie Konish. 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.