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How to increase your Social Security payment
Among the many thousands who contact the AMAC Foundation’s Social Security Advisor Service annually, very few have ever said that their monthly Social Security payment is enough. In fact, most seek ways to maximize their monthly benefit payments, either before…
Does Social Security cover 40% of retirement expenses?
As we have explained many times at the AMAC Foundation’s Social Security Advisory Service, Social Security was never meant to provide 100% of retirement income. In fact, it was intentionally designed to replace only about 40% (or less) of each…
Can You Live on Social Security Alone?
Social Security benefits were meant to bolster existing retirement savings and pensions — not to make up for a non-existent nest egg.” And that mantra is one that we frequently emphasize here at the AMAC Foundation’s Social Security Advisory Service.…
Social Security 2026: What you need to know!
Since 1940, Social Security has been paying monthly benefits to American seniors and their dependents – that’s almost 9 decades! That is a pretty good record, and the program regularly changes to keep up with the times. In fact, several…
Some Retirement Advisors are Wrong!
Considered somewhat of a “guru” on retirement matters, Dave Ramsey is a frequently featured guest on financial programs, and he offers a regular financial podcast and “blog” offering retirement advice to Americans. Though he’s often consulted about retirement options, it…
Selecting the “Best” Claiming Age for Social Security Benefits
Sure, you can claim Social Security retirement benefits at age 62. In fact, nearly a quarter of all who become eligible at that age do just that. They may or may not understand the long-term consequences of that move, but…
Congressional Hearing Focuses on Retirement Security
Earlier this week, the Subcommittee on Health, Employment, Labor, and Pensions (a unit of the House Education and the Workforce Committee) held a hearing focused on maximizing the retirement security of American workers. Portions of the testimony focused on the matter of…
Congressional Push for Two Key Social Security Changes Underway
By now, and especially as tax season gets underway, most folks know that the “no tax on Social Security” slogan is a bit of a misnomer. The tax will still be computed, but subsequently offset (for many filers) by a…
Another Call to Action for Congress
“Key decisions can’t be put off any longer.” That’s the rallying cry in a post by The Motley Fool’s Maurie Backman today on Yahoo!Finance. A valiant message, for sure, but as noted in Tuesday’s headline post on this website, perhaps…
Working after claiming benefits…A look at this workforce demographic
How many of those who claim Social Security benefits remain in–or rejoin–the workforce? Many years ago, when Social Security was healthy, when the full retirement age was 65, and when the cost of living was more manageable, most folks pulled…