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Social Security, and the COVID-19 Pandemic
No one would argue that 2020 hasn’t been a challenging year. The COVID-19 pandemic threw a whole bucket of monkey wrenches into most families, especially those who were contemplating retirement and trying to see where Social Security fit into their retirement plan. Job losses and financial issues abounded throughout the year, causing many to claim their Social Security benefits earlier than originally planned, and may still have some seniors on the verge of claiming Social Security to help them financially. But that may be (or may have been) exactly the wrong decision, as discussed in this Forbes article by contributor Steve Parish, a financial planner with over 40 years of experience who counsels us to avoid “making precipitous mistakes” with our Social Security. Click here to read more.
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.
