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Social Security Strategies to Increase Your Monthly Checks
According to the Social Security Administration about 1 in 5 married couples and close to half of unmarried individuals rely on their monthly benefit checks for at least 90% of their income in retirement. With benefits only replacing 40% of pre-retirement income, it is essential to maximize the amount received, according to Katie Brockman. Three key points are most important: 1. Delay claiming benefits as long as possible, to age 70 if possible; 2. Work at least 35 years, as that is how benefits are calculated; 3. Take advantage of all the types of benefits to which you’re entitled. Read her full article here.
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.