Reality of Social Security often Different Than Perceptions
Christy Bieber seeks to educate folks here on three facets of Social Security, which she calls “unpleasant surprises,” that many may not know. One, the program replaces far less pre-retirement income than people think (about 40%), and thus virtually no one can live on Social Security alone. Two, you do not get your full benefit if you claim at any age before 67. Third, cost of living adjustments do not adequately keep up with inflation when one looks at the actual items most seniors need to buy. Full article 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.