Latest News
Social Security’s Looming Insolvency Debated Live
Rep. Byron Donalds (R-FL) and MSNBC’s Joy Reid went head-to-head on the issue of Social Security’s financial future last night’s The ReidOut show, with Reid taking the uninformed view that the projected depletion of the program’s cash reserves is not a…
The Early Filing Question (Again)–More Viewpoints
One of the most frequent questions we receive here at the AMAC Foundation’s Social Security Advisory Service deals with when to start drawing retirement benefits, and specifically the economics associated with starting at the earliest possible age (62). We typically…
Another Indictment of Social Security’s COLA and its Inadequacy
Sure, the 8.7% cost-of-living adjustment showing up beginning this month in beneficiaries’ monthly payments is welcomed relief, but the question of how well it compensates for inflation is subject to frequent questions. In a nasdaq.com post by Bram Berkowitz, the…
What Secure 2.0 Could Mean for Your Retirement Planning
The much-discussed $1.7 trillion spending bill signed into law in December, contained a lot of items subject to ongoing scrutiny but, for those deep into retirement financial planning, the Secure 2.0 provisions embedded in the details should be studied carefully.…
Questions About Social Security?
As always, the new year brings a spate of questions about Social Security, usually in terms of new limits going into effect. This year, of course, there’s a fair amount of interest in knowing how much of the 8.7% cost-of-living…
A Summary Look at Where Social Security Benefits Fit in Your Retirement Planning
Business Columnist Chet Osterhoudt, in an Edward Jones-written article posted today on rockymounttelegram.com, offers conjecture for those concerned about how Social Security factors into their retirement financial planning. The article confirms the program’s Trustees Report projection that benefits cut face…
New Rules for Retirement Account–A Quick Refresher
The recently-passed $1.7 trillion spending bill includes a host of big-ticket items, but one of the more obscure segments of the legislation has a direct bearing on many folks’ retirement financing strategies. If you are the owner of a 40a(k),…
Social Security’s Historic 2023 Raise is Indeed Welcome News
Katie Brockman notes seniors on Social Security will receive much larger checks starting this month, as the 2023 cost-of-living adjustment (COLA) at 8.7% officially takes effect. The COLA means the average retiree will receive around $140 more per month. Experts…
Who Contacts Social Security When a Spouse Dies?
Losing a spouse is a traumatic experience. Maurie Backman notes that with all that occurs after such an event, contacting the Social Security Administration (SSA) should be one of the the things the surviving spouse does. Sometimes, if you provide…
Three changes to required withdrawals from retirement accounts
There are Secure 2.0 changes as part of the year end omnibus bill that retirees should know about. CNBC’s Greg Iacurci focuses on changes to required minimum distributions (RMDs) in this piece. The most important is raising the RMD age…