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Here's How Your Social Security Benefits May Be Reduced
Manage episode 459734262 series 3428540
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When the SSA sends you your benefit projections each year, there is an actual amount that they're telling you that you will receive, depending upon what age you begin taking them. So you might think that the number they tell you is the amount you'll be receiving.
But this is not always the case. There are a few scenarios in which the benefits you receive will be lower then the benefits you thought you'd get. And since Social Security forms the basis of many people's retirement income plans, it's important that you recognize if and when this could happen to you.
How might your benefits be reduced? Learn more from podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
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