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Social Security advisors see growing role
It’s small wonder more people are turning to financial advisors for Social Security questions with a recent Gallup poll stating more than 40 percent of people say they worry about the Social Security system a “great deal.” Defined benefit plans, or what we used to call traditional pensions, are all but gone. That makes Social Security the only predictable income stream for which one can plan. Today advisors can take clients through the myriad world of Social Security, as in when to start benefits, how to maximize them, spousal benefits, the earnings test, income tax on benefits, and more. There is even software that assists advisors to this end, two of which are called Social Security Timing and Maximize My Social Security. Read the full piece by Annie Nova from CNBC 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.