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Americans Are Getting Bad Social Security Advice

Most Americans are receiving poor advice on Social Security benefits because the Social Security Administration calculator doesn’t factor in spousal benefits and has other deficiencies. So reports planadvisor.

In a hearing before the House Ways and Means Subcommittee on Social Security, Boston University Professor Laurence J. Kotlikoff emphasized that the complexity of the retirement program makes it hard for individuals to get good advice—the Social Security Handbook has 2,728 rules and its Program Operating Manual has tens of thousands of rules to explain those rules.

Read the full article from planadvisor.

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