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Social Security Basics

Many American’s have no idea how Social Security works. They happily pay their tax every pay check and don’t bother with anything else about it until they near retirement age. This causes a mad rush to try to learn everything they need to know about filing and rules concerning their situation. Although the rules for filing do change somewhat frequently it is still important to understand how the system works so that you are not left high and dry when the time comes to file for your benefits. Going in to the process with at least passing knowledge on the system could help you maximize the amount of money you will get from it during your retirement. For more information visit this article by Jill Schlesinger with TIME.

 

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.

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