Ask Rusty: Your Social Security Advisor

Dear Rusty: I started Social Security about 2 years ago and I thought that the monthly benefit amount stated to me by Social Security in their letter was guaranteed. That written amount was what I based my decision on to retire. Now I hear on the news that we may have to take a 24% reduction in the future. That will make me and millions of other seniors homeless. Was the original amount a guarantee of monthly income, and can the government reduce it whenever they want to? Signed: Anxious Senior

What is Ask Rusty: Your Social Security Advisor?

Russ “Rusty” Gloor is a member of the AMAC Foundation’s accredited Social Security Advisory staff. With each episode of “Ask Rusty” he will tell you about an actual Social Security question received at the AMAC Foundation offices.

These recordings are intended for information purposes only and do not represent legal or financial guidance. They present the opinions and interpretations of the AMAC Foundation’s staff, trained and accredited by the National Social Security Association (NSSA). NSSA and the AMAC Foundation, and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (amacfoundation.org/programs/social-security-advisory) or email us at ssadvisor@amacfoundation.org.>