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Social Security Check Smaller Than Expected? Here’s Maybe Why
People often grumble about the size of their Social Security checks. They think it should be more, or even worse, were told (via the benefit explanation letter) that it would be more. But three factors might explain reduced benefits. Your filing age plays a role in how much money you collect from Social Security. Earnings from a job could result in withheld benefits. Medicare premiums — and increases — could leave you with a smaller payday as well. Full piece here by Maurie Backman.
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.