Three Social Security Secrets That Could Leave You Richer
Most Americans know they will one day get Social Security, though they may have only a vague understanding of what they will get and how that is determined. Still, a majority tend to rely (even over-rely) on the monthly benefit. Thus, it’s important to get as educated as possible on the myriad of intricacies. Maurie Backman discusses these three: 1. You can undo your filing and claim benefits again later, though you only have a year to do it; 2. You can collect a benefit even if you never worked; 3. You can avoid taxes on your benefits by choosing the right retirement plan. 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.