Social Security’s (Missing) Guarantee
(By – Brenton Smith, FedSmith.com)
“It’s pretty simple to understand the appeal of earning a guaranteed 8% per year for every year you postpone collecting Social Security beyond your full retirement age up to age 70.” Mary Beth Franklin – InvestmentNews.com
Social Security benefits are not guaranteed. This isn’t my opinion. It is the opinion of the Supreme Court, Flemming V Nestor.
In its ruling, the Court held that entitlement to Social Security benefits is not a contractual right. Benefit levels are what Congress says that they are. The Social Security Administration recognizes the case. PolitiFact delivers research on it. Notch Babies provide evidence of it. There is no guarantee. Read more…