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Retirement Planning–Some Helpful Tips
There is no question that the most important step you can take toward retirement is to plan for it…and not just in the year or two run-up to the decision. Successful retirement takes a long-term perspective, and there are significant…
More Thoughts on Early Filing for Social Security Benefits
Statistically, filing for Social Security benefits at the earliest possible age (62) remains the most popular age, with only a handful of filers deferring to the latest age (70) for benefit growth. There are many schools of thought on what…
Beneficiary Advocate Service Encouraged for Social Security
Citing the continually escalating problems experienced by Social Security beneficiaries in accessing the Social Security Administration for help with problems and complex situations, U.S. Sens. Sherrod Brown, D-Ohio, Ron Wyden, D-Ore., and Bob Casey, D-Pa. petitioned President Joe Biden to…
Social Security Full Retirement Age…Will it Go Higher?
Many of the proposals introduced in Congress address various changes to Social Security’s parameters, and one of the more consistent of those is adjusting the full retirement age (FRA) from its current 67. Some proposals (including the AMAC Social Security…
More on the “Savings for Retirement” Dilemma
The amount of accumulated savings most future retirees expect to have available to supplement their retirement is an oft-reported issue in the media, with most pundits suggesting that too many people are not focused enough on how much supplemental cash…
Social Security Solvency Issue: Status Quo?
The impending depletion of Social Security’s Trust Fund reserves is in the news a fair amount these days, and each passing year has steadily reduced the projected date at which the reserves would be fully exhausted. The Covid-19 pandemic, of…
The Benefits of Easing in to Retirement
An increasing number of workers are continuing to remain in the workforce past the mythical “age 65” mile marker, and there are sound reasons for this. In fact, This excerpt from a report appearing on reversemortgagealert.org puts this fact in…
Tips on Accessing the Re-Opened Social Security Offices
CNBC’s Lorie Konish, in a recent post on their website, Offers a few suggestions on how best to take advantage of the recently re-opened Social Security offices. Among the suggestions, of course, is a reiteration of the agency’s general suggestion…
Taxation of Social Security Benefits at the State Level: Something to be Aware of for Retirement Planning
If you’re looking ahead to retirement and doing your due diligence with respect to cash flow, one of the key items to look at is how your Social Security benefits will be taxed. It often comes as an unpleasant surprise…
Secure Act 2.0 is a start
To change the way Americans save for retirement, the House passed the Securing a Strong Retirement Act, better known as Secure Act 2.0, on March 29th. However, some experts disagree on effective this new legislation will be in helping Americans…