ask rusty

To paraphrase Winston Churchill, Social Security’s benefit formula is “a riddle wrapped in a mystery inside an enigma.” At least, that is what it seems like to those trying to understand how much their monthly benefit will be when they claim. Of course, it’s fairly easy to get the dollar number directly from Social Security, but the logic behind why some people get more than others seems elusive to many. One recent financial professional grew impatient explaining that, yes, higher earners get more, but benefits are still weighted in favor of lower-earning beneficiaries, as discussed in this encore edition of a recent AMAC Foundation “Ask Rusty” article. To find out how SS benefits are calculated, click here to read the Ask Rusty article, or click here to listen to the audio podcast.

Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…

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