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Three ways to increase your Social Security benefit
You can typically get monthly Retirement benefits starting at age 62 if you’ve worked and paid Social Security taxes for 10 years or more. However, your benefit will be permanently reduced. The reduction is calculated based on the number of…
When you claim Social Security determines how much you receive
About two-thirds of those who claim Social Security do so before reaching their SS full retirement age (FRA). Your FRA depends on the year you were born but, for most claiming SS these days, FRA is between age 66 and…
Great Progress at the Social Security Administration
Now only one year into his appointment as Commissioner of the Social Security Administration, Frank Bisignano has made an indelibly positive mark on this federal agency so crucial to Americans. Customer service levels have improved dramatically even in the face…
Retirement Savings and You
It’s a sad, but true, reality – most entering retirement do not have enough saved for that monumental lifestyle change! Financial advisors say you should have at least 10 times your final annual salary saved for retirement, but precious few…
Using your online “my Social Security” account
For many seniors, using today’s digital tools can seem intimidating. The internet feels like an alien presence, fraught with lurking dangers we don’t care to be exposed to. But the Social Security Administration has gone to great lengths to make…
Increasing your Monthly Social Security Payment
Well, who doesn’t want more in the monthly Social Security check? Very few, of course, and there are a few ways to increase your SS payments. This article describe a few “lesser known” rules which you can use to get…
Understanding the Difference between “SSI” and “SSDI” Disability
Using acronyms to identify a type of Social Security benefit can, itself, result in misunderstanding the benefit. For example, many who engage the AMAC Foundation’s Social Security Advisory Service use the acronym “SSI” to mean “Social Security Income” – but…
Turning 65? Here’s what to know about Medicare!
Age 65 is a major milestone. It’s not just another age – it’s the age at which the nation’s premier healthcare plan becomes available to you, providing you with healthcare coverage for the rest of your life. But Medicare can…
Eliminating Social Security’s “Retirement Earnings Test”
The bane of many a retired senior citizen who choses to work after claiming early SS benefits, the so-called “Retirement Earnings Test” is an outdated Social Security rule which is rightly being considered for elimination. The “Senior Citizens’ Freedom to…
The Age-old Question: When to Claim Social Security?
This question has perplexed senior citizens for many years: what is the best age to claim Social Security? The confusion is, i expect, the result of several things. First of all, there is an eight year window during which everyone…