Your financial planner: Happy birthday Social Security
(By - Barbara McMahon, The Kansas City Star)
Social Security turns 80 years old this year. The Social Security Act was signed by President Franklin D. Roosevelt on August 14, 1935. And it’s fair to say that he never could have foreseen how the program designed for old age, disability and survivors insurance has evolved over the years.
Social Security Administration data shows the average life expectancy for men reaching 65 has increased nearly 7 years since the program began, to age 84.3. Women reaching age 65 have seen their average life expectancy increase almost 7 years, to age 86.6. It’s also worth noting that one out of every four 65-year-olds will live past the age of 90 and one out of 10 will live past 95. 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.