Headlines
Unnecessary Benefit Cuts?
In a poll conducted by The Senior Citizens League, seventy percent of the respondents said the Bipartisan Budget Act of 2015, which authorized changes to two key Social Security claiming strategies, imposed “unnecessary benefit cuts.” The measures were said to…
AMAC Foundation: Responding to Social Security Questions
The AMAC Foundation earlier this year launched an expanded service for the public…it’s 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…
2017 COLA Wake Up Call
Social Security beneficiaries will be seeing a 0.3% increase in benefits in 2017. The trend that this continues from the past few years is being seen as a warning by many to start taking retirement planning more seriously. Many Americans…
Retirement for Future Workers
Surveys and studies have shown that American workers have been historically poor at saving towards retirement. This can be for a multitude of reasons from not being adequately educated on the subject to simply not being able to afford to…
For Most, A Savings Regimen Remains the Key to Successful Retirement Financing
The dearth of adequate savings for those on the threshold of retirement has received substantial attention over the past few years. With journalists presenting often frightening statistics on the growing number of future retirees woefully unprepared financially to leave the…
The 7% “Earnings Cap” Increase–What Will it Mean in the Long Run?
As most high-earners–and certainly self-employed individuals–are aware, 2017 will bring a substantial increase in the amount of earnings subject to Social Security taxation. Compared to recent years, the increase in the cap is significantly higher–$8700, or 7.3%–and will result in employees…
The Retirement Savings Dilemma–Employees Look to Employers for Help
A survey of full-time workers between 25 and 65, sponsored earlier this year by American Century Investments, puts the much-publicized retirement savings shortfall in perspective. Specifically, the survey concludes that “Nine in 10 participants are troubled by at least a little…
Understanding–and Dealing With–Taxation of Social Security Benefits
Mainstreet.com’s Robert McGarvey takes a look at the issue of Social Security benefit taxation in an article posted today on www.thestreet.com. Calling it a “widely held – but false – belief” that Social Security benefits are in all cases tax-free, McGarvey examines…
Survey Says: Millenial Women and Men Have Markedly Different Retirement Concerns
A survey released yesterday by Schwab Retirement Plan Services underscores several major gender-based variations in the anxieties felt by members of the millennial generation (generally considered to be the generation born from the early 1980s to late 1990s). Uncertainty and stress associated with the topic…
Alternative Approaches to Planning Your Social Security Benefits
There has been quite a bit of publicity in the popular press about the impending Social Security Trust Fund shortfall and the ominous impacts on retirees in the not-too-distant future, and a host of experts have weighed in on ways to overcome the…