Headlines
A One-Year Reprieve for Social Security’s Deficit Situation?
Last year’s Tax Cuts and Jobs Act (“Act”) has created what may be a brief respite in the continuing spiral toward a position of insolvency for Social Security, according to a post by The Motley Fool’s Sean Williams. His post suggests that…
Another Attempt at Clearing Up the Bankruptcy Misconception
Many of our readers are aware of the AMAC Foundation’s Social Security Advisory Service, a free-to-the-public source of assistance to thousands of seniors facing the complexities of this massive program. In addition to helping folks interpret Social Security’s detailed rules…
A primer on Medicare for those turning 65
Medicare is not a one size fits all program, and its various parts and options can be very confusing. It gets even more complicated if you are working and are still covered by your employer’s heathcare plan, because some employer…
SSDI attorney fees may be more for court representation
According to Social Security law, attorney fees for Social Security Disability Insurance claims are limited to 25% of recovered back benefits or $6000, whichever is less. But in a recent Supreme Court ruling it was determined that the cap applies…
What are the odds that Social Security will “go broke?”
As most of us who now or will soon collect Social Security have heard, on its current trajectory Social Security will exhaust its Trust Funds by 2034. That is, unless Congress acts before that to restore the program’s financial health, similar to what…
2019 Social Security benefit payments will top $1 trillion for the first time.
Few would argue against Social Security being the most important senior benefit program in America, with nearly 63 million citizens – retired workers and their eligible dependents – receiving benefits. And with thousands of so-called “baby boomers” claiming Social Security each…
Working while collecting Social Security – the “earnings test”
The “earnings test” is a Social Security rule which confounds numerous people who decide to claim their benefits before they stop working. Age 62 is the earliest you can claim Social Security benefits, but many people aren’t yet ready to…
Take these financial steps when you’re have 10 years from retirement…
Workers who first envisioned retirement were motivated to save nearly one-third more than they might otherwise according to a recent survey by investment manager Capital Group. If your retirement is 10 years away, this is the time to start getting…
Receiving Social Security while working without losing benefits?
Millions of people who receive Social Security benefits are retired workers; however, many other Social Security recipients are actually not yet retired. For those individuals who are choosing to work while they receive monthly payments from Social Security, special rules…
What is “Affective Forecasting”?
When you think about retirement, what comes to mind? Happiness, relaxation and fun. But there is a large number of retirees who are not as happy in retirement as they predicted. Why? According to recent research conducted by the Office…