Understanding Social Security
As you are probably aware, our country’s Social Security program is pretty comprehensive and actually quite complex. In fact, in 2014 testimony before the House Committee on Ways and Means’ Subcommittee on Social Security, Laurence J. Kotlikoff (Professor of Economics, Boston University and President, Economic Security Planning, Inc.) reported that “Social Security’s Handbook has 2,728 rules and its Program Operating Manual has tens of thousands of rules to explain these rules.” Given that level of complexity, it becomes a Herculean task for anyone to develop a clear picture of how the program affects them individually.
But don’t despair! Help is available, especially in terms of understanding the basics. For example, in an article titled “10 Things You Must Know About Social Security,” the staff at Kiplingers outlines the essential rules that everyone should know. (Check their post out here.)
And beyond that, anyone having specific questions about how these rules may apply specifically to their situation is encouraged to contact the AMAC Foundation’s Social Security Advisory service. This service is available to the general public free of charge; see the page on this website learn more about this program.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.