Who is at risk of retiring broke?
Katie Brockman explains the three legged stool of pensions, savings, and Social Security benefits as the key to a secure retirement. Unmarried women over 60 are most at risk for “having no legs” on that stool and thus face a destitute retirement. Brockman explains one should focus on what they can control, namely increasing their savings and their Social Security eligibility and income rather than a pension for which they have near zero control. Read the 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.