Headlines
Memorial Day: A Time to Reflect
The barbecue grills will be ablaze this weekend as family and friends come together to celebrate Memorial Day. But the Association of Mature American Citizens urges us to take a moment to reflect on the purpose of this holiday—to pay…
Retirement in the New Age
Retirement looks much different now than it did even a few years ago. There is a growing trend of seniors working well in to retirement either through necessity or preferring to stay busy. The average life expectancy is also still…
Children and Survivors Benefits
Many do not know that survivors benefits extend to their children and not just their spouse. Of course there are certain criteria that they must meet to ensure eligibility. The child must be a dependent and unmarried. The survivors benefits…
Saving for Retirement
Most Americans are grossly underestimating how much they should save for retirement. Many assume that Social Security will be enough to fill in any shortcomings in their retirement savings, but this is not true. The average retiree will need 70%…
Your Taxes in Retirement
Many people heading in to retirement don’t realize that they could be taxed on their benefits. Although this does not affect everyone, those it does affect may not know just how much the taxes will hit them. There is a…
How to File for Benefits
The Social Security system is a convoluted and difficult thing to navigate. This could cause problems because it could make quite the difference in your monthly checks depending on how you file. The most common mistakes when filing stem from…
Facts About Social Security
Most people barely know the basics about Social Security, even among those whose job revolves around the system. We all hear the bad news from Social Security, everything from fraud to identity theft, but for many Social Security is an…
Delaying Your Claim to Social Security: An Analysis
In an article titled “Does delaying Social Security make sense?” posted on personal.vanguard.com, analyst Colleen Jaconetti offers a statistical look at the long-term effects of delaying Social Security. Her analysis presents combined benefits for married couples at several key intervals, including…
Proposed Incentive for Delaying Benefits
It is generally accepted that waiting to claim benefits is in the best interest of those filing for Social Security. From the age of 62 to the age of 70 benefits grow at a rate of 7-8% each year. Those…
Ways and Means Committee on Social Security Waste
Recently the House Ways and Means Subcommitte on Social Security met to discuss waste, fraud, and abuse within the Social Security system. The meeting was joined by the Inspector General of the Social Security Administration where he detailed many of…