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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,…
How children’s Social Security benefits work
Most people think Social Security is just for retirees; however, children can qualify for Social Security benefits under certain circumstances. But for those who do, it often comes as a consequence of a hardship in their families. In Dan Caplinger’s…
How not to become your own worst enemy when it comes to your retirement
A majority of American workers look forward to retirement and the opportunity to do what they want with their time. However, if you are not careful, retirement could end up being a period of financial stress. Why? Sometimes, we are…
Nearly half of Americans failed a basic Social Security quiz
Do you know what the largest retirement program is in United States? It is Social Security. Now, how well do you know Social Security? According to a recent MassMutual survey of Americans age 50 or older, 47 percent failed to…
Using a side job to fund your retirement
Have you join the gig economy to pick up some extra cash to help fund your retirement years? However, if you don’t have a plan, those dollars can quickly get eaten up in day-to-day living. Josh Zimmelman, owner of Westwood…
Women can close the gender earnings gap
Women of all age groups have substantially less income for retirement than men according to a study by The National Institute on Retirement Security (NIRS). Women tend to have less cumulative time in the workforce, often earning lower pay, resulting in…
Is the hold harmless provision all that harmless? A new study states otherwise
More than three out of five retired workers depend on Social Security to provide at least half of their monthly income and another 34 percent rely on Social Security for almost all of their income. In Sean Williams’ article appearing…
This one decision could reduce your monthly Social Security benefits by 30 percent
Social Security was not designed to totally replace your pre-retirement income; however, around a third of Americans expect that Social Security will be a major source of their retirement income. Many people end up making their Social Security benefits even…
Social Security can’t run out of money, but needs financial help
In a recent Gallup survey of American workers, 51% of them felt that Social Security wouldn’t be there for them when it was time to retire. That’s a pretty dismal outlook from those whose payroll contributions are the lifeblood which…
Deciding when to claim Social Security shouldn’t be taken lightly
Sixty-two is the magical age that you first become eligible to claim your Social Security benefits, but in reality it’s just the starting point in an 8 year window of when you can apply. For those whose Social Security full retirement age…