Headlines
Could Monetary Tightening by the Federal Reserve Help Social Security Program?
Why is Social Security so important? According to the Social Security Administration, each month nearly 62 million people receive a benefit check from Social Security. Around 171 million workers are on track to receive some retirement income. Additional, around 90 percent…
Preparing for Healthcare Costs in Retirement
The Bureau of Labor Statistics reported average healthcare spending for seniors at almost $6,000 in 2016. Only 43 percent of middle-income Americans found healthcare expenses on Medicare to be in line with their expectations. Middle-income families were three times more…
It’s Never too Early or Late to Think about Retirement
Many Americans won’t get the opportunity to enjoy their retirement to the fullest. Why? Unfortunately, many Americans don’t know enough about retirement to plan for it properly. In Maurie Backman’s article, she writes about a few things everyone needs to…
You Need to Understand These Key Social Security Terms
A key source of income for countless retirees and disabled individuals is the complex program called Social Security. To better understand how the program works, you should familiarize yourself with some key terms to help you to maximize your benefits…
Social Security spending now tops $1 trillion annually
Over 42 million retirees now collecting benefits; over 10,000 baby boomers retiring daily; more than 62 million total beneficiaries. Is it any wonder that Social Security’s spending for the last fiscal year, ended on September 30th, has now topped $1…
AMAC chief says: It’s time to fix Social Security
On the heels of announcing a 2% COLA increase for 2018, many have pointed out that most recipients may not see much, if any, of that increase due to it being used to offset Medicare’s Part B premium amount. Dan Weber,…
What can a criminal do with your Social Security number?
A lot has been written lately, in the wake of the massive hack of the Equifax data base, about identity theft and how so many millions of Americans might now be at financial risk. We all know that having our…
The “maximum” Social Security benefit, and how to get it
The Social Security Administration has an annual “maximum” benefit amount, which can go up a little each year. But their definition of maximum isn’t really the most you can get if you know the rules and can wait a little longer to start collecting. …
Steps for a comfortable retirement, other than maximizing savings
Sure, building the largest possible nest egg is important to living out your post-career life in comfort. But even if you haven’t saved as much as you wish, there are still strategies you can use to help ease the fear…
The 2018 Social Security change you haven’t heard about
Social Security has recently announced the changes you will see in the program next year, foremost among which are a 2% COLA increase, a rise in the payroll tax cap, and a small increase in the earnings limit for those collecting…