Headlines
Is the Iconic “4%” Rule Dead for Retirement Withdrawals?
For many years, we’ve heard financial advisors speak about the “4% Rule” which posits that to avoid running out of money before you die, you should plan to withdraw only about 4% of your retirement nest egg annually, and adjust…
Aging Into Medicare? Be Aware of HSA Rules!
The intersection of Medicare and Social Security can be a bit murky at times, and throwing a Health Savings Account (HSA) into the mix can produce risks–some fairly punitive–for the unsuspecting. For example, signing up for Social Security automatically triggers…
Government Shutdown and Social Security Payments…A Quick Update
Political sentiment these days seems to lean toward an increasing possibility that appropriations bills will not be passed in time to avert a shutdown of certain nonessential government services at the end of the day tomorrow. According to a comment…
Latest Social Security Reform Bill Set for December 7 Hearing
Carrying the moniker “The Fierce Urgency of Now — Social Security 2100: A Sacred Trust,” the bill–H.R. 5723– introduced in late October by Rep. John (D-Conn.) is set for a House Ways and Means Social Security Subcommittee hearing on December 7, 2021,…
Another Plug for Delaying Retirement
Conventional wisdom is to avoid filing for Social Security benefits at the earliest possible eligibility (age 62)…most everybody knows that, and there are of course exceptions to that general wisdom. As our staff members at the AMAC Foundation Social Security Advisory…
Congress Takes Another Whack at WEP
Earlier this month, Rep. Kevin Brady (R-Tx-8) H.R.5834 titled the “Equal Treatment of Public Servants Act” designed to address concerns voiced by proponents of Social Security’s Windfall Elimination Provision (WEP). FedSmith.com’s Ian Smith takes a look at the revisions proposed by H.R. 5834,…
Happy Thanksgiving From the AMAC Foundation!
“Perhaps no custom reveals our character as a Nation so clearly as our celebration of Thanksgiving Day. Rooted deeply in our Judeo-Christian heritage, the practice of offering thanksgiving underscores our unshakable belief in God as the foundation of our Nation…
Many people chose to retire early during the pandemic but…
The COVID pandemic wreaked havoc on many people’s lives and caused financial hardship for millions of Americans. However, according to a recent Seattle Times report, “many people chose to retire early during the pandemic but surprisingly decided to put off…
Why Social Security is underfunded—and why it matters
The Social Security program protects against the loss of earnings due to retirement, death, or disability. The financial operations of this program are handled through the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds. Both funds are…
Potential new challenges as a retiree
According to United Nations, the average life expectancy in the United States is 78.9 years. What does this mean to your retirement? A longer life expectancy means your retirement could last 20 years or more, and without proper financial planning…