Headlines
Can Your Social Security Payment Go Down? Yes, it can.
Steve Parrish is Co-Director of the Retirement Income Center at The American College of Financial Services, with 40 years in retirement planning issues. He describes a very real case when one’s Social Security income can decrease year over year, even…
How an Outdated Social Security Rule Means Higher Income Tax For Seniors
Levying income tax on Social Security benefits is often viewed as unfair because SS benefits are earned by contributing money already taxed. Nevertheless, Congress first enacted taxation of Social Security benefits in 1983 making half of SS benefits taxable for…
The Case For Waiting Until 70 to Claim Social Security
Not surprisingly, age 62 is when most people claim their Social Security benefits, for varying reasons. But just because 62 is the most popular age doesn’t mean it’s the best age for you. The next most popular age to claim…
The AMAC Foundation – 20,000 Social Security Questions Later!!
The AMAC Foundation officially opened its doors to the community in mid-2014, with a simple mission“To help protect and ensure the financial security, health, and social lives of current and future matureAmericans, and to help Americans navigate the bewildering array…
Coordinating VA and Social Security Disability Benefits
As a country, we owe much gratitude to those who have served in our military, and especially to those veterans who became disabled as a result of their service protecting our freedoms. The Veterans’ Administration offers many assistance programs, and…
Is the Iconic “4%” Rule Dead for Retirement Withdrawals?
For many years, we’ve heard financial advisors speak about the “4% Rule” which posits that to avoid running out of money before you die, you should plan to withdraw only about 4% of your retirement nest egg annually, and adjust…
Aging Into Medicare? Be Aware of HSA Rules!
The intersection of Medicare and Social Security can be a bit murky at times, and throwing a Health Savings Account (HSA) into the mix can produce risks–some fairly punitive–for the unsuspecting. For example, signing up for Social Security automatically triggers…
Government Shutdown and Social Security Payments…A Quick Update
Political sentiment these days seems to lean toward an increasing possibility that appropriations bills will not be passed in time to avert a shutdown of certain nonessential government services at the end of the day tomorrow. According to a comment…
Latest Social Security Reform Bill Set for December 7 Hearing
Carrying the moniker “The Fierce Urgency of Now — Social Security 2100: A Sacred Trust,” the bill–H.R. 5723– introduced in late October by Rep. John (D-Conn.) is set for a House Ways and Means Social Security Subcommittee hearing on December 7, 2021,…
Another Plug for Delaying Retirement
Conventional wisdom is to avoid filing for Social Security benefits at the earliest possible eligibility (age 62)…most everybody knows that, and there are of course exceptions to that general wisdom. As our staff members at the AMAC Foundation Social Security Advisory…