Headlines
What if You are a Low Saver?
What if you are a low saver and Social Security will be the major source of your retirement income; is there anything you can do to help plan for your retirement? Yes, there is, and Henry K. Hebeler of MarketWatch outlines…
Are your Social Security Taxes Going Up in 2017?
Depending on your personal situation, you may find yourself paying more for Social Security in 2017. The Social Security tax rate is 12.4 percent (combined) of your wages, up to the maximum level of $127,200. This figure is up from…
Social Security Impacts
More than sixty percent of retired workers count on their Social Security benefits to comprise half of their monthly income, and without that income many of these seniors would be in financial trouble. In Sean Williams’ column for Motley Fool, he…
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…