Not Knowing This About Social Security Could Spell Trouble in Retirement - Motley Fool
Here’s a stark fact: most Americans are woefully misinformed about how Social Security works and similarly in the dark about the best time for them to claim benefits. There’s one myth, especially, that seems to have a life of its own, and that is a belief that you can claim a lower benefit at 62 and your monthly payment will go up at your full retirement age – and that is simply not the case, as explained in this Motley Fool article by Maurie Backman. 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 advisory service to help Americans navigate the complexities of this program. Learn more about it here…