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The easiest way to figure out the best Social Security claiming strategy
According to the Social Security Administration data, more than three out of five seniors currently rely on their Social Security benefits for at least half of their monthly income. It is clear the importance placed on Social Security income during…
Many singles don’t feel they can afford to retire
In a recent TD Ameritrade survey, it found only 29 percent of single survey respondents in the United States said that they were financially secure and three out of ten single Americans are not saving any money compared with 17 percent…
Claiming Strategies and the Impact on Your Benefits
Although estimates vary among analysts, it’s no secret that waiting to file for Social Security benefits will result in a larger monthly payment over a drawing period. And with 62% of elderly beneficiaries relying on their Social Security benefit for half…
Tax Bill Floor Vote Could Happen Next Week
Bloomberg News reports that a floor vote on tax reform could happen by the end of November, a suggested timeline that is in keeping with President Trump’s intent to see the bill on his desk by the Christmas Holiday. From…
The Bleak Retirement Landscape and What You Can Do About It
Steve Vernon of CBS Moneywatch, in a post today on cbsnews.com, examines what many feel is a dismal state of affairs for future retirees. Drawing on GAO statistics highlighting extensive reliance on Social Security as a primary income source, and citing…
Happy Thanksgiving From the AMAC Foundation!
“Perhaps no custom reveals our character as a Nation so clearly as our celebration of Thanksgiving Day. Rooted deeply in our Judeo-Christian heritage, the practice of offering thanksgiving underscores our unshakable belief in God as the foundation of our Nation…
A Challenge to the GAO’s Retirement Security Report
Andrew Biggs, Forbes contributor and resident scholar at the American Enterprise Institute, takes exception to the Government Accounting Office’s assertion that “Most Households Approaching Retirement Have Low Savings” in an article posted on www.forbes.com. Biggs’ article, titled “What the GAO’s Skewed Retirement…
How to estimate your Social Security payment
Although the actual computation can seem daunting, there is a fairly simple way to estimate what your Social Security benefit will be. The two primary elements used in determining your benefit are your average lifetime earnings and the age at…
Get a head start on your Social Security planning
There are few Americans who won’t be relying on their Social Security benefits for an important part of their retirement income; for the majority, Social Security represents about 40% of their monthly retirement pay, and for some it represents as…
Incorporating Social Security Into Your Retirement Planning
For many people Social Security is major component of their retirement planning. So it’s important to know how much you can expect from Social Security, when you should plan to start taking benefits, and how much tax you can expect…