Latest News
Why Most People Can’t Even Guess What Their Social Security Benefits Will Be
(By - Andrew Biggs, Forbes Contributor)
The Center for Retirement Research at Boston College released a nice paper by Steven Sass looking at whether the Social Security Statement improved Americans’ knowledge of the benefits they’ll receive once they retire. Since 1995, the Social Security Administration has sent working-age individuals a personalized projection of the benefits they can receive in retirement. (You can also access those estimates online.) That knowledge is important, since without knowing your Social Security benefit it’s hard to plan how much to save on your own or when to retire. Read more…
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.