Headlines
National Retirement Risk Index improved modestly between 2013 and 2016
According to the Center for Retirement Research (CCR), the National Retirement Risk Index (NRRI) improved modestly dropping from 52 percent to 50 percent of working-age households between 2013 and 2016. Using the data information about household assets, liabilities, and demographic…
It pays to boost your Social Security knowledge
Social Security benefits provide a huge chunk of many retirees income; however, the program was never designed to replace their pre-retirement income in full. So, it pays to boost your Social Security knowledge to make the most of your benefits. The…
What happened to my cost-of-living increase?
Some seniors are asking “Why didn’t my Social Security go up?” despite the biggest cost-of-living adjustment in years. Beginning this month, Social Security benefits were slated to rise by two percent; however, some seniors won’t see any boost at all.…
Brushing Up On Your Social Security Knowledge
Many of you have probably seen references to the MassMutual Financial Group survey a few years ago that found only about a quarter of the 1500 people quizzed able achieve a passing grade (7 out of 10) on a 10-question true-false test about…
Taxation of Social Security Benefits Likely to Remain Unchanged
In the wake of the Tax Cuts and Jobs Act’s successful passing, it appears that the unpopular taxation of Social Security benefits will remain in place. As explained by The Motley Fool’s Sean Williams, repeal of this 35-year old provision is…
Retirement Financing–Saving Really is Critical
Josh Clark of HowStuffWorks.com, in an article posted on money.howstuffworks.com, offers an understatement about the art (or science) of planning retirement finances. His comment: “Saving for retirement can be a bit difficult to figure out at first.” His article goes on to…
“Baby Boomers”–The Ultimate Revisionists for Retirement Life
What was once the retirement norm–age 65–is becoming a thing of the past. The “Baby Boom” generation is now dominating attitudes about the very concept of retirement, opting more and more to undertake new careers late in life, stay engaged in…
The Importance of Planning for Survivorship
Becoming a widow or widower is traumatic. No question about that, but what can make this life event even more distressing is the absence of a plan to deal with financial needs in the wake of a loss of a spouse.…
SSA Workforce Reductions Translate to Problems for Beneficiaries
Several years of budget cuts have led to the closing of more than 60 Social Security field offices, resulting in a substantial reduction in the number of hours available across existing Social Security staff to handle questions from those needing guidance and…
Happy New Year from the AMAC Foundation!
2017 marks the close of a successful year for the AMAC Foundation, and we’re pleased with the success of our programs in support of America’s Seniors. Most notably, we thank the many visitors to our Social Security Report and Medicare Report websites,…