Writing Off Social Security?
Being fully aware of AMAC’s–the Association of Mature American Citizens’–efforts to address Social Security’s long-term solvency issue, and also being aware of several other initiatives active in Congress addressing this problem, a post today by The Motley Fool’s Maurie Backman titled “Here’s Why You Should Write Off Social Security“ caught our attention. Although the article does point out that Social Security isn’t expected to vaporize, the title succeeded in ringing the alarm bell it intended to ring. Ms. Backman clarifies the point that future retirees banking on Social Security as a major part of their retirement financing need to re-think this strategy.
As Ms. Backman and many other pundits have often said, motivation to take personal responsibility for ensuring one’s financial well-being is a key prerequisite to a peaceful retirement. Her article discusses the sacrifices that may be necessary to achieve financial comfort in retirement, along with the opportunities available for those with time on their side. This latter point, by the way, is one of AMAC’s Social Security Guarantee key components…the Social Security Plus initiative designed to help folks amass the financial resources needed to supplement Social Security in their future retirement years.
Read Ms. Backman’s artlcle here, and to learn more about AMAC’s Social Security Guarantee and its Social Security Plus provision, click here…
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.