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Retirement Planning: "Social Security isn't a fire sale - stop treating 62 like a deadline" - MarketWatch
If you were to poll American workers asking how much income they think will be needed when they retire, the answer you get would likely be about $5,000 per month. And those polled would be nearly correct in their belief. According to data from the federal government, the average senior household spends just over $5,100 per month to live.
But experts know that retirement planning should not be done using just averages; each retirement plan should be a very personal assessment of each retiree’s financial circumstances - including (very importantly) where Social Security fits into their lifetime retirement picture. This MarketWatch article by Andrew Shilling dives into the mystery of retirement planning, explaining how the experts suggest each person approach this crucial aspect of planning the rest of their life. Click here to read more.
Social Security is a complex topic. If you're unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security or enrollment in Medicare, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of these programs. All questions are answered quickly, at no charge. Learn more about it here...
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.