Headlines
What you don’t know about these Social Security rules could cost you
Social Security income is a major part of Americans’ retirement plans. Indeed, 50 percent of married elderly beneficiaries and 70 percent of unmarried ones get 50 percent or more of their income from it and millions more are getting 90…
The Social Security Insolvency Issue – A Blessing or Curse?
Think how relieved you would feel after your doctor said, “I’ve got some bad news for you. You’re healthy now, but you will die one day.” You’d likely be relieved he didn’t give you six to nine months to live. …
Be careful if contributing to an HSA while on Social Security
Sarah O’Brien of CNBC writes an important and informative piece here for those that regularly contribute to a health savings account (HSA) and plan to tap Social Security past full retirement age. Folks must be careful not to run afoul of…
Social Security Expansion Hits Speed Bumps
Andrew Biggs of the American Enterprise Institute summarizes how the incredulous idea of expanding Social Security benefits has gone from a fringe position in 2012 to solely a Bernie Sanders idea in 2016 to now a mainstay view of all the…
Banking on Social Security alone in retirement? Fuggedaboutit!
Maurie Backman’s piece here notes that seniors who have incomes from several sources in retirement will no doubt be unaffected by the paltry 1.6% cost of living adjustment just announced for 2020. But too many seniors do rely solely on…
2020 to bring seven changes to Social Security
While Congress has not changed the law relative to Social Security, the Social Security Administration nonetheless releases a “Fact Sheet” every October. This provides updates on everything from what beneficiaries will be paid in the upcoming year to what it takes to…
Social Security Reform…Examining the Implications of HR 860
Four seasoned contributors to “The Hill,” having examined the Social Security solvency problem and the recent legislative proposal to address this problem, have authored an analysis of the Social Security reform issue and posed several key questions regarding the corrective action…
The Candidates and Social Security Solvency: No Long-Term Solutions in Sight?
With the latest round of Democratic candidate debates now in the books, anyone hoping to hear a solid proposal to resolve the Social Security solvency dilemma was disappointed. In fact, as reported in a post on Yahoo Finance, the candidate positions…
The Complexities of Spousal Benefits
One of the questions most frequently fielded by the AMAC Foundation’s Social Security Advisory staff is the deceptively simple, “What benefits are available to my spouse?” And, like so many questions related to Social Security, the answer is an equally simple, “It…
Women and Social Security–The Importance of Planning and Preparing
You’ve probably seen the statistics: More than half of Social Security recipients are women, women live longer than men, women tend to have lower lifetime earnings than men, and so on. These statistics tend to create challenges for women as…