Latest News
Exploring the Concept of “Unretiring”
So much of the financial news today focuses on ensuring a pathway to financial comfort in retirement. Social Security’s insolvency trajectory aside, there’s quite a bit of rhetoric in the media about saving to reach that goal post or career…
Social Security Reform: A “Rocks and Hard Places” Story
Everyone who has been tracking the progression toward insolvency facing Social Security knows the broad scenario…without Congressional action, the Trust Fund reserves reach zero in less than a decade from now and benefits face an across-the-board cut of more than…
Thoughts on Retirement…From The Mouths of Those Who’ve Done It
Experience-based accounts are usually the best guidelines for someone interested in learning about what’s ahead. And when it comes to the scary world of retirement, all the preliminary planning espoused in the media often takes a backseat to those who…
Retirement Planning: It’s a Good Time to Check Your Savings Strategy
One of the best ways to do that is to make certain that you are taking the maximum advantage of the opportunities to built up your future reserves using options available to you. For example, mid-year is a good time…
Thoughts for Those Struggling on Social Security as Their Primary Income Source
The absence of adequate savings to compensate for the shortfalls between Social Security benefits and living expense is a problem widely covered in the media, especially as Social Security’s looming solvency crisis grinds forward. In fact, for the 12% to…
Formula Changes–and an Adjustment–in the Wind for WEP-affected Retirees?
A post today on myfederalretirement.com highlights the reintroduced legislation to reform Social Security’s Windfall Elimination Provision (WEP). As the post explains, the bill (H.R. 4260) would provide a $150/month payment to those WEP-affected retirees currently in drawing benefits, and would change the…
On the Issue of Social Security Means Testing…
One of the ideas being explored these days is the thought that Social Security benefits for the ultra-wealthy should be perhaps curtailed or even eliminated. It’s not necessarily a new thought, since it has come up more than once over…
Retirement Planning: Be Aware of How Benefits Are Taxed
It often comes as a surprise to the newly retired to find out that a significant portion of their Social Security benefits are subject to federal income tax. And if their cash flow planning has not taken that into account,…
Subtle Missteps That Can Lead to You Short-Changing Yourself on the Benefits Front
Even today, it’s surprising that many folks still are not fully aware of some of the very basic aspects that govern the amount of benefit they will be able to draw from Social Security. For example, our AMAC Foundation Social…
The On-Going “When to File” Debate…Another Perspective
One of the most persistent questions we receive here at the AMAC Foundation Social Security Advisory Service is deceptively simple: “When should I begin drawing my earned Social Security benefit?” And as frustrating as it may seem to our callers,…