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Secure 2.0 Enables Additional Penalty Exceptions for Retirement Account Withdrawals
Prior to Secure 2.0 and the recently-passed House Spending Bill, there were 10 provisions for penalty-free withdrawals from a qualified retirement account. Now, with passage of this bill, there are four more. In a post by CNBC Personal Finance Reporter…
ICYMI: Social Security Recently Launched a New Homepage
Kilolo Kijakazi, acting commissioner of the Social Security Administration, recently announced the launch of a new look for the SSA’s homepage. The new look, according to Kijakazi, brings with it “improved self-service capability” designed to help eliminate calls or visits…
The Ups and Downs of Medicare Costs in 2023
2023 is just around the corner…two days away, as a matter of fact…so now’s a good time to catch up on some of the cost provisions changing in Medicare for next year. For example, while the standard Part B premium…
Avoiding the Scammers–Some Tips and Techniques to Protect Yourself
We post fraud protection advice periodically, primarily because we recognize the magnitude of the problem and because it’s a good way to keep everyone on their toes, especially around the holidays. The scammers never take a break, and it’s especially…
Considering early filing? Here are some analyses that will show you the advantage of not doing this.
One of the persistent questions we receive here at the AMAC Foundation Social Security Advisory Service is “when should I claim my benefits.” And, as we typically say in response, “it depends.” It actually depends on many factors, one of…
A Disability Determination Complication–Outdated List of Job Opportunities
The Social Security Disability benefits application process is complicated, and wending one’s way through the rules and regulations can be arduous. Given the toll it takes on applicants just to get to a hearing on eligibility, imagine the feeling of…
Don’t let the rumor mill influence your Social Security claiming decision
One of the key, fundamental decisions you’ll need to make when it comes to filing for Social Security benefits is that of picking an age at which to file. If you talk to your neighbor, you’ll likely get advice that…
Understanding the Services Provided by SSA
Social Security is complex…how’s that for an understatement? But help is available, and it comes in many forms. The Social Security Administration provides a wide range of support service, as explained in a post by Social Security district manager Carey…
Some Thoughts on Retirement Savings Planning for the Coming Year
As we look back on 2022, with its market volatility and its shifting landscape around retirement savings, one wonders what the year ahead will bring. Kiplinger contributor Jerry Golden, in a post on their website, wonders too, and offers a…
Understanding Social Security’s COLA: It’s not as straightforward as many think
What’s so hard about figuring out what your January Social Security payment will be? Don’t you just multiply your December amount by 8.7%? Well, as AOL contributor Vance Cariaga points out in a post on aol.com, it’s not that simple.…