Why do so Many Make the Wrong Social Security Decisions? - Forbes & AMAC
Bob Carlson writing in Forbes notes that a mere 4% of people make the optimum claiming decision when it comes to Social Security benefits, according to a study by financial services firm United Capital. Carlson explains the program’s financial problems but devotes most of this piece to note that people need to better understand their longevity and coordinating spousal benefits. As an example, anyone who lives past average life expectancy would receive more in lifetime benefits by waiting to claim the benefits than by claiming earlier. 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.