Explore Social Security Sooner Rather than Later

Social Security is a simple concept when you are paying.  However, it can get complex when it comes to benefits.

Social Security is actually a very complex system with all sorts of different rules that people can use to get the most out of it.  However, they need to understand those rules, according to the Financial Advisor in “Nearly Half of Americans Still Don’t Understand Social Security.”

In a recent survey, 47% percent of respondents over the age of 50 were unable to correctly answer a series of true/false questions about Social Security benefits. This could be a potential problem, because it means that they might not get what they need out of the system, when they retire. The Social Security Administration is supposed to assist people with this. However, it can do little more than tell people what their options are, when asked.

An elder law attorney can advise you on getting the most out of the program, when it comes to your lifetime benefits.

Reference: Financial Advisor (May 18, 2018) “Nearly Half of Americans Still Don’t Understand Social Security.”