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Social Security Fundamentals for Those Aging In
As we’ve said many times in posts on this site, Social Security is quite complex, especially for those just beginning to take a look at how and when they should claim their earned benefits. For example, there’s the issue of one’s full retirement age and how filing before or after that age can impact monthly benefits. Then, there’s the issue of ensuring your eligibility for benefits in the first place, the actual methodology for calculating benefits, and (of course) nuances like how benefits are taxed for individuals above certain limits. All in all, it can be pretty daunting for someone taking a “first look” at the program.
Brian Skrobonja, CHFC®, in a post appearing on kiplinger.com, can help you with some of the questions you may have as you begin your journey. Check his article out here. Beyond that information, if you have any other questions or if you need any assistance deciphering the maze of options available to you, know that the AMAC Foundation offers a free-to-the-public advisory service that can help you. Learn more about this service and how to access it here.
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.