The myth of Social Security’s total demise
It’s going broke. It won’t be around much longer. Hurry up and grab what you can. Those are among the many misnomers about the Social Security program that have been around for a few years now. They are all untrue. Alessandro Malito of MarketWatch acknowledges the program’s problems, from running a deficit next year for the first time since 1982 to its partial insolvency in 2034 or 2035. But the author notes Social Security’s importance to over 60 million current beneficiaries and discusses what could be done to extend the program’s life. Read full piece 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.