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Looking at a Full Retirement Age of 70–A Supportive Viewpoint
Perhaps one of the most incendiary components of the argument over the looming Social Security solvency problem is the thought of moving the program’s full retirement age (FRA). Currently set at age 67 for those born in 1960 or later,…
Attention Veterans: Good Idea to Review Social Security Benefits
If you haven’t reviewed the benefits available to Veterans recently, now might be a good time to check out the SSA website pages dedicated to this topic. The Information for Military & Veterans page at SSA.gov provides a collection of…
Reviewing Social Security’s 2023 Changes
Old news at this point, but worthy of a quick refresher on what the most widely felt changes in the Social Security program for 2023. In a post on wasingtonexaminer.com, Breaking News Reporter Eden Villalovas provides a recap of key…
SSA Proposes Permanent Use of Virtual Technologies for Disability Hearings
As explained in a May 19 Federal Register notice, the Social Security Administration is seeking to make the use of video and phone hearings a permanent operating procedure. An article posted on federaltimes.com notes that the agency has had favorable…
Survey Points to Concerns Over Social Security’s Future
A survey conducted last month by Allianz Life Insurance Company of North America confirms what many are waking up to: Americans have a diminishing hope for Social Security’s role in their retirment financing plans. No real surprise there, since for…
Retirement Myths: Why It’s Important to Know What’s True
As our accredited advisors here at the AMAC Foundation Social Security Advisory Service are well aware, there are quite a few myths and misunderstandings about Social Security and retirement. We deal with them on an everyday basis, and it’s a…
Complications That Married Couples Face When Claiming Benefits
Anyone who’s looked into the process for claiming Social Security benefits knows that it can be deceptively complex. Many uninitiated approach the process with the simplistic view that when you turn 62, you just go and sign up. They quickly…
Social Security Reform and the Impact on Claiming Age
Statistically, age 62–the earliest age for collecting Social Security retirement benefits–is most popular, even though it results in a substantial reduction in monthly benefoit amounts. For some one with a full retirement age of 67, for example, the monthly benefit…
How to get the $4,555 Max Monthly Social Security Benefit
The maximum Social Security benefit of $54,660 annually ($4,555/month) is not easy to obtain. Kailey Hagen notes only an elite few are able to pull off getting it. Three steps are required: 1.) work 35 or more years; 2.) earn…
Claiming Social Security at Age 67 May be Optimal
Full retirement age is 67 for those born after 1960. One can still claim at 62 but for a much lower monthly benefit. Waiting until 70 yields a still higher monthly check. Maurie Backman notes that 67 is the perfect…