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James Randolph
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James Randolph   My Press Releases

SENIORS STAND TO LOSE OUT ON 11.4 BILLION IN SOCIAL SECURITY BENEFITS

Published on 2/11/2016
For additional information  Click Here

Seniors stand to lose out on 11.4 billion in Social Security benefits.

 

Congress has hidden, in a seemingly innocent piece of legislation labled HR 1314, a radical reform that threatens the financial security of as many as 21.3 million americans, according to the Money Morning  publication.

 

This legislation has already passed the House and Senate and President Obama has signed it into law. However, according to Money Morning, 21.3 million americans still have the opportunity to act before the May 1st deadline.

 

If you are retired or about to retire, you still have the opportunity to lock in thousands of dollars worth of lifetime benefits before they disappear forever.

 

One needs to take steps now to see if one is affected by this new legislation. 

 

One might begin with a call or visit to the nearest Social Security Office; or one may consult their CPA as an alternative.

 

MyRetirementPaycheck.org is an organization that offers information to individuals about retirement planning and may be worth a visit if one is considering retirement. This organization is a nonprofit, nonpartisan organization dedicated to improving the financial literacy of all americans.

 

Caveat...when considering whether to take your social security early or later, be mindful that taking it later may yield the greater amount monthly, but one should weigh the risk of not living long enough to reach the later retirement age. Sometimes its best to "take the money and run".

 

Thanks for taking the time to read this Press Release. Please Like, Comment and Share this Press Release.

 

www.ourgv.com/jrando

 

 

 

 

 

 

 

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