MAXIMIZE YOUR SOCIAL SECURITY BENEFITS
Retiring in today’s world can be a scary proposition. According to AARP[1], the frightening reality is that four in 10 Americans over age 60 will experience poverty in their later lives — regardless of their current economic circumstances. One in two will experience near-poverty.
Why so many? Americans are living longer, they’re not saving enough for retirement, many are entering retirement in debt, unplanned expenses and unchecked spending are all troubling trends facing today’s retirees, and traditional lifetime pensions are disappearing.
David Cowan with the AAA Retiree Program said, “One of the biggest mistakes retirees make is to believe that the sound investment strategies used for building a retirement nest egg are also the best investment strategies once they begin taking income from their assets. Seniors who plan to rely on their assets, but who lack a long-term strategy may be in for a frightful surprise.”
Today, more than ever, retirees are being forced to rely heavily on Social Security. Yet, many retirees have no idea as to how to get the most out of this government benefit. They plan based on what their parents did, even though the retirement landscape has changed dramatically.
AAA CT Motor Club is holding an informative workshop on April 18th from 6:00- 8:00 p.m. at the Milford Public Library.
This workshop is open to the public and can help you learn how to make the most out of Social Security and retirement. David Cowan an endorsed AAA Retiree Advisor will help you learn how to navigate retirement challenges. You will learn ways to safeguard retirement savings and how to increase Social Security benefits, even if you are already receiving Social Security retirement. Couples will learn how to use switch strategies to increase their estimated family income by as much as $100,000. Widows and the divorced will learn possible ways of collect on pass spouses record while increasing their own future benefits.
If you are interested in attending call 1-800-978-7953 or register on line at www.aaaretire.com.
[1] Beyond 50 — A Report to the Nation on Economic Security, AARP, May 2001.
