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Author makes case for “writing off” Social Security
The central message of this piece written by The Motley Fool staff for Fox Business News is this: to avoid financial stress and disappointment in retirement, do not rely on Social Security benefits too heavily. True, there will always be…
What will Social Security look like in 2035?
Social Security’s Trust funds (surpluses accumulated over the past several decades) will be exhausted in 2035. Across the board cuts of around 20% will occur for all beneficiaries at that time absent congressional action before then. Dan Caplinger notes the…
The benefits of IRAs that you might not know exist
There are many places you can save money for retirement if you don’t have access to a 401(k) or other workplace retirement plan. However, with an individual retirement account (IRA) it not only share some key features - such as…
Some serious consequences for being too dependent on Social Security benefits in retirement
According to a survey from the Insured Retirement Institute, only a quarter of baby boomers think they’re doing a good job of preparing for retirement and 42 percent of boomers don’t have anything saved for their retirement. And according to…
Increasing your Social Security benefits
Are you aware that there at least eight ways to increase your Social Security benefits? Why? Knowing how to increase your Social Security benefit is important since those checks will likely be a major source of your income in retirement.…
Much Social Security advice avoids lifestyle considerations
Many financial advisors, when discussing Social Security with clients, focus almost entirely on how to gain the most in lifetime benefits. Some give advice which encourages waiting as late as possible to claim, while other suggest that claiming early is…
A Memorial Day Greeting from AMAC Foundation
A Message from the Social Security Report’s Editorial Staff: It’s a great pleasure to take a moment to wish everyone a safe, relaxing, and happy Memorial Day! As you take a break from the demands and challenges of everyday life,…
Straight talk on Social Security - even if the truth hurts
Cal Thomas’ candid op-ed in Townhall addresses the drivers of budget deficits and our $22.3 trillion national debt. In this piece, he summarizes and evaluates The Heritage Foundation’s “Blueprint for Balance: A Federal Budget for Fiscal 2020,” which is based…
Social Security and geography: which states lead the pack around the USA?
Over 63 million Americans now collect Social Security benefits, and the beneficiaries include retirees, widows, disabled workers and some children. The first baby boomers began reaching retirement age in 2011 and continue to retire in large numbers each year. No…
Five key facts about your Social Security check
Social Security is an important source of retirement income for millions of Americans, but it’s easy to make a mistake that can cost you benefits. Kailey Fralick of The Motley Fool says understanding these five concepts or strategies can help…