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Taxing Your Social Security Benefits
Fresh on the heels of the 2022 income tax filing season, this article reveals that although most U.S. states don’t levy a State tax on Social Security benefits, there are a dozen U.S. states which do. And while most beneficiaries…
Social Security Disability & Spouse Benefits: Questions Answered
In this Barron’s article by Nick Fortuna, several questions about Social Security Disability Insurance (SSDI) benefits and spousal benefits are tackled. Both of these areas are often confusing and frequently misunderstood, but the article provides answers for a 59 year…
About Delaying Your Social Security Benefits
A majority of Social Security beneficiaries claim their Social Security benefits early – indeed, age 62 (the minimum age for SS retirement and spousal benefits) is the most popular age at which benefits are claimed. While there are some good…
Remember Paul Ryan’s “Roadmap for America’s Future?”
It’s been almost a decade and a half since Paul Ryan, the ranking Republican on the House Budget Committee, shook the trees with his plan to reform Social Security and Medicare in the face of what has now become a…
Deficient Nest Egg? Here are some thoughts to consider.
It’s not easy to save for retirement, and in fact it’s getting more difficult by the day with what’s happening in the economy. But if you’re in a situation where the decision needs to be made on retirement and you…
Tips to Help Relieve Retirement Financial Planning
Yes, it can be a very stressful process, planning for a comfortable retirement amidst so many unknowns (and even unknowable) factors. So, many folks tend to put it off, often until it’s too late to take the steps you need…
Social Security Administration Embarks on “Equity Action Plan”
On January 20, 2021, President Biden signed Executive Order (EO) 13985, Advancing Racial Equity and Support for Underserved Communities Through the Federal Government. The EO requires all Federal agencies “to pursue a comprehensive approach to advancing equity for all including people of color…
“My Social Security” Account, a Decade Later
Nearly 70 million people have signed up for a “my Social Security” account with the Social Security administration and, in so doing, have access to a wealth of information about their history and current standing relative to this benefit program.…
Women and Social Security: Some Important Facts About Survivor Benefits
It’s essential for all future Social Security beneficiaries to have a solid understanding of the rules and the options available to them, but it’s especially critical for women. Creators Syndicate’s Tom Margenau (who is also a veteran Social Security Administration…
The “Should I Wait Until Age 70” Question: Some Pros and Cons
It’s a pretty standard question fielded here at the AMAC Foundation Social Security Advisory Service. And our typical response is, “Well, it depends,” followed by an explanation of filing early vs. filing late (to age 70) means in terms of…