Latest News
National Social Security Advisor Credentials Explained
You may have seen references to National Social Security Advisor (NSSA) designations in various financial media reports, and you may know that the AMAC Foundation Social Security Advisor staff includes seven members who’ve earned this designation. In a Bankrate.com post…
Here We Go Again–Government Shutdown and Social Security
It seems like Déjà vu all over again, to quote a phrase from the great Yogi Berra decades ago, but the potential of a government shutdown has again raised the question of how Social Security payments would fare. CNBC personal…
Trust Fund ROI Rates Continue to be Questionned
Picking up on an issue explored recently in a “Latest News” post on this site, GoBankingRates’ financial reporter Vance Cariaga takes a look at the interest income generated by Social Security’s trust fund reserves last year. Contrasting the nearly 2.4%…
New Limits for ABLE Accounts Now in Effect
Amid the slew of changes for 2024, the IRS announced new limits on the amount of savings available to holders of Achieving a Better Life Experience (ABLE) accounts. ABLA accounts allow states to create tax-advantaged savings programs for eligible people…
Getting the Most You Can Get Out of Social Security
Just about everyone who has taken a look at Social Security understands the basic premise that the longer you wait to file, the larger your monthly benefit will be. That’s a good start, but there are other considerations that come…
Retirement Planning: Building a Nest Egg is Essential, Despite the Lure of the YOLO Mindset
Many younger and middle-aged adults hear the alarm bells sounded by economists regarding the need to stay dedicated to the thought of saving for retirement. Some popular notions are that by the time you’ve reached 50, you should have accumulated…
States That Tax Social Security Benefits: 2 Down, 10 To Go.
With Nebraska and Missouri taking action to exempt Social Security benefits from state income tax, the list of states retaining this provision in their tax code is now down to 10. For Nebraska, it took a series of tax law…
Collecting Social Security While Working? There’s Much to Know
Keith Speights notes most people are familiar with Social Security, but not to the extent they should be. When it comes to collecting benefits and working, many do not understand the complexities. People will forgo some income if they cross…
This Unpopular Social Security Provision is not Changing
Most figures related to Social Security increase each year due to inflation. This includes benefit payments, wages subject to tax, the earnings one can accrue from work, and more. One figure, though, does not change and has not since 1993.…
We’re 10 Years Away From Social Security Cuts. Prepare Now.
Maurie Backman explains that the trust funds keeping Social Security from cutting benefits now will be exhausted in about 10 years. What should people do? Those working should boost their retirement savings. She suggested retirees consider part-time work, perhaps in…