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Retiree Decisions in a Bear Stock Market
The “grin and bear it” approach to the current bear market is especially tough for those who are retired, watching their nest egg diminish in value almost every day. But what is a retiree to do? Well, the father of…
The biggest challenge of retirement
We all have a picture of ourselves when we retire. Some of us will be playing more golf, sailing around the world, or just enjoying time with our loved ones. So, what can be wrong with these plans? According to…
Early Onset Alzheimer’s added to Social Security Compassionate Allowance List
Alzheimer’s is a type of dementia that affects memory, thinking, and behavior. Symptoms eventually grow severe enough to interfere with daily tasks. The Social Security Administration (SSA) has added Younger/Early Onset Alzheimer’s to the list of conditions under its Compassionate…
Three ways to change your address with Social Security
Are you moving, currently receiving Social Security benefits or enrolled in Medicare and want to know how to change your address? There are three ways to change your address with Social Security: Online, by Phone, or in Person. Rachel Hartman…
Customer Service at Social Security
As a non-government Social Security Advisory Service, our staff here at the AMAC Foundation deals almost every day with Americans who are frustrated with their experiences trying to deal with the Social Security Administration. Many have tried and given up…
Important Facts About Social Security and Your Retirement
According to the recent annual report from the Trustees of Social Security, reserves held in the Trust Fund are sufficient to pay full benefits up to about 2034. That’s either troubling or good news, depending on how you view it,…
Social Security Won’t Be Enough To Live On
Social Security was never intended to be your sole source of retirement income. Indeed, the average Social Security retirement benefit is about $1666 per month, and the average couple’s combined benefit is about $2739 per month, hardly enough to make…
Waiting Until 70 To Claim Social Security Isn’t Always The Best Choice
Nearly every financial advisor will counsel their clients to wait as long as possible to claim their Social Security benefits, even up to age 70 when those benefits reach maximum. And that’s often very sound advice if the person’s personal…
About Cutting Social Security Benefits
Anyone who follows Social Security matters knows that the Trustees of the program have been forecasting for years that the Trust Funds will run dry in the mid-2030s, potentially precipitating an across the board cut in benefits. The likelihood of…
State Taxation of Social Security Benefits
It sometimes comes as a surprise, especially for those new to Social Security, or seniors who move to another state – some states levy a state income tax on Social Security benefits. That’s in addition to the federal taxation of…