Headlines
Social Security Mistakes Could Cost You Big Time in Retirement
No question that Social Security is a complex program which sometimes bewilders those trying to decide when to claim. Everyone wants to “maximize” their benefit, but precious few want to do what’s necessary to achieve that. Similarly, many people make a…
More on the Payroll Tax Cut
President Trump’s announcement Saturday of a temporary suspension of payroll taxes for workers earning up to $100,000 annually has met with a flurry of rhetoric and conjecture on the details of the executive action. Front and center in the follow-up to…
Social Security could look a bit different next year
With nearly nine out of ten individuals age 65 and older receiving Social Security benefits, there is no program that bears more importance to the financial well-being of American’s seniors. Although the average retired worker is only bringing home a…
Retirement plans in a post-pandemic world
The economic shutdown as a result of the COVID-19 outbreak has drastically altered the retirement outlook and created many personal and financial challenges for some participants in company-sponsored retirement plans. With the stock market volatility and the drastically rising unemployment…
The resilience among U.S. retirees in contrast to younger generations
A new joint research project by Edward Jones and Age Wave found despite COVID-19’s severe health impact on aging adults, older Americans report they are coping far better both emotionally and financially than younger adults. The study of more than…
The retirement crisis playing out right before our eyes
Unlike prior recessions, the unemployment rate is higher among older workers than among younger ones. In the past, many older workers would have retired but since many have little or no savings; they continue to look for work. Furthermore, over…
There is still confusion about the new retirement withdrawal rules
There have been a lot of changes this year especially when it comes to retirement withdrawal rules. Although these rules have been in effect for months, CARES Act was signed into law on March 27th; there is still a lot…
Retirement Finances: The Importance of Strategy for Couples
Married couples will inevitably face a situation where one outlives the other. That’s a simple reality of life, and this reality produces survival circumstances that vary between widows and widowers. These circumstances can be financial, others can be emotional, but in either…
Paying Income Tax in Retirement: A Growing Concern
In its recent Tax-Efficient Retirement Income (TERI) Study, the folks at Nationwide took an in-depth look at the relatively complex issue of taxation and how the IRS rules can affect retirement income planning. According to The Motley Fool’s Christy Bieber, ”…
Dealing With Social Security’s Bewildering Rule Book
The AMAC Social Security Advisory Service has been in operation since early 2016, and in that time has served the needs of over 12,000 folks seeking guidance in applying the program’s thousands of rules, rubrics, and regulations to their individual…