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Should You Delay Retirement Due to the Pandemic?
According to Northwestern Mutual’s 2020 Planning & Progress Study 20% of adults aged 18 and over now plan to delay retirement because of the Coronavirus pandemic. Maurie Backman explains the study and whether it is right for you. The answer depends on responses to these four questions: 1. Have my savings taken a hit this year? 2. Is my job stable? 3. Is my job putting my health and safety at risk? 4. Will I enjoy the start of retirement if the pandemic is still raging? 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.
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.