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Social Security often holds surprises - Journal of Accountancy
Social Security is a complicated program, and many who approach this major American benefit program do so with considerable trepidation. There are, after all, over 2,700 rules and regulations to contend with, which can lead to multiple options for claiming one’s Social Security benefits. Which is, in fact, exactly why those considering SS should consult with a qualified Social Security specialist before making a decision which might permanently affect their financial future. This article by Bryan Strickland in the Journal of Accountancy (from the Association of International Certified Professional Accountants (AICPA)) explains four specific situations which are likely a surprise to many (including some AICPA advisors. Click here to read about these four specific situations which might affect your Social Security benefits.
Social Security is a highly complex topic. If you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security or enrollment in Medicare, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of these programs. All questions are answered quickly, at no charge. Learn more about it here…