Headlines
Student Loan Debt and Seniors–A Steadily Growing Problem
The number of borrowers over the age of 60 with student loan debt has ballooned to over 2.8 million, a quadruple increase over the 2005-2015 period. This, coupled with the already-identified issue of widespread retirement savings deficiencies, presents a serious…
New Retirement Study Underscores Worker Concerns
Business Management Daily (BMD), in a post on www.theledger.com, recaps the results of a Transamerica Center for Retirement Studies (TCRS) report on the financial worries of American workers. With the looming insolvency of Social Security ranking squarely in the top 3 concerns stressing…
Understanding Social Security
As you are probably aware, our country’s Social Security program is pretty comprehensive and actually quite complex. In fact, in 2014 testimony before the House Committee on Ways and Means’ Subcommittee on Social Security, Laurence J. Kotlikoff (Professor of Economics, Boston…
Pitfalls to avoid in your retirement planning
The folks at theweek.com have ranked the top five”mistakes” that many people tend to make when setting their long-term retirement financial plans. In their view, it all begins with taking a realistic view–as early in the cycle as you can–of what…
AMAC Foundation: Responding to Social Security Questions
In a post several weeks ago, we introduced the AMAC Foundation’s expanded Social Security Advisory Service. Through this service, Foundation personnel handle questions submitted by people needing researched, trusted, and credible guidance on the options and benefits available to them via Social Security. “The…
Happy New Year!
The staff at AMAC Foundation and the Social Security Report editorial team wish you and your family the best of health, happiness, and prosperity in the New Year! We’re all looking forward to an exciting and productive 2017! New Year’s Day…
Quiz Time – See How Much You Know About Social Security
There are many myths in the air about Social Security, along with many misunderstandings of the rules governing the program that provides more than half of the monthly income for 61% of America’s retirees. Whether your’re already among the beneficiaries, or whether…
Testing Your Retirement Readiness
The most prevalent question many people aging into their retirement years tend to have is the very simplistic, “Can I afford it?” Answering that question requires examination of some basic, personal questions ranging from how much income do I need, to where will…
Getting set to retire? Here are some things to think about.
OK, you’ve reached the point where your retirement is eminent. Before you take the plunge, though, there are a few key preparatory steps you should consider…steps that could go a long way to strengthen your financial position in the years…
The 2017 Social Security COLA…Making Sense of the Bottom Line
The three-tenths of a percent increase in Social Security benefits didn’t create much in the way of joy among America’s seniors, and when factoring in Medicare premium changes, even less so. In an article titled “Reality Check: Did Social Security really…