Retiring on $18k a year? That’s all the average retiree gets
Social Security was never meant as a sole source of income for a fruitful retirement. Christy Bieber reports that the average Social Security benefit is just $1,507 per month, or $18,084 per year. Bieber notes Social Security shouldn’t be your sole retirement income source. She suggests tax-advantaged retirement accounts to help people supplement their benefits. 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.