Latest News

The Potential Consequences of Taxing the “Rich” to Save Social Security

Among several thoughts emerging in the runup to the 2020 presidential election, specifically on the Democrat platform, are elimination of certain provisions of the Tax Cuts and Jobs Act of 2017. For example, there has been talk of changes to…

2021 Cost of Living Adjustment for Veterans Approved by Congress

A bipartisan bill approving a cost of living adjustment for veterans matching the soon-to-be announced annual COLA for Social Security beneficiaries was approved and sen the President’s desk for signing. The adjustment is reported to be effective December 1, 2020.…

Social Security Benefits for Children with Disabilities

(Source: Social Security Administration) SSA’s Supplemental Security Income (SSI) program helps children with qualifying disabilities and their families. For this program, a child must meet all of the following requirements to be considered disabled and medically eligible: Continue reading →  …

Scam Alert: They’re at it again, and it’s getting worse!

The pandemic lockdown certainly hasn’t deterred the scammers and fraudsters from trying to get their hands in your pocket. With an uptick in frequency, authorities are sounding the alarm anew, now noting that many of the calls even display Social Security…

Understanding the Financial Implications of Filing Early for Social Security Benefits

Most people probably know that their monthly benefits are subject to reduction if they file before their full retirement age. But do they have a complete appreciation for just how much of a reduction they’re facing? A post by Financial Advisor Dallen…

Questions on Potential Next Stimulus Round and SSDI

At this point, whether there will be any further stimulus payments remains an unknown, with negotiations continuing on Capitol Hill. Based on analysis of proposals presently on the table, however, cnet senior editor Alison DeNisco Rayome suggests that Social Security Disability…

Retirement Planning: Absence of Knowledge can Hurt

With 80% of the respondents in the 2020 edition of the American College of Financial Services Center for Retirement Income survey failing the 38-question retirement literacy quiz, it becomes clear that there is a strong need for education across a wide swath…

Qualifying for Supplemental Security Income with Social Security

(Source: Social Security Administration) We pay monthly Supplemental Security Income (SSI) to people with disabilities who have low income and few resources, and people who are age 65 or older without disabilities who meet the financial limits. Continue reading → Notice: The…

Support for the Early Filing Decision

As noted in the previous post today, there are positives associated with filing at one’s full retirement age. But at the same time, there are incentives for filing at an earlier age, as explained in a post on mtstandard.com by…

More Support for the Full Retirement Age Decision

The “when to file” question is one of the the most frequent ones we handle at the AMAC Foundation’s Social Security Advisory Service, and our response most often begins with the “it depends” clause. We point out the discount applied…

Website by Geiger Computers