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A Day in the Life of a Social Security Information Source
Social Security Administration veteran Tom Margenau, now affiliated with Creators Syndicate, performs a role somewhat similar to that played by our accredited Advisors at the AMAC Foundation Social Security Advisory Service. In a post on creators.com, he shares a story…
Tips on reviewing your Medicare Advantage plan
Many people switch to Medicare Advantage during the fall Medicare Annual Enrollment Period, not fully understanding how the plans work. The Medicare Advantage OEP acts as a second chance for those who want to revert to Original Medicare or switch…
Social Security allows you to claim benefits at various ages
The earliest age you can sign up for Social Security is the most popular age. About 34 percent of women and 31 percent of men signed up for Social Security at 62. If you claim your Social Security retirement benefits…
The jigsaw puzzle of retirement
Retirement planning is the process you put in place to maintain your finances after you leave the workforce. For some people, it can be overwhelming, while for others, it can be a game. Game? Yes, Phil Wright, Certified Fund Specialist,…
COLA Watch 2023…The developing story
We’re still a long way off from the October announcement of Social Security’s cost-of-living adjustment (COLA) for 2023, and quite a bit will be happening on the economic front between now and then (likely in both directions). Despite the uncertainties…
Getting the Maximum Benefit: Is it in your future?
The individual maximum monthly benefit payable via Social Security has now reached $4,194. Nice, huh? So what does it take to get there, and what if you things just don’t line up correctly to make this a reality for you?…
The Declining Net Social Security Benefit Dilemma
The taxation of Social Security benefits is becoming a hot issue these days, especially at this time of the year as we all dutifully file our federal income tax returns and many of us once again are reminded of how…
Spousal benefits, Survivor benefits, and the Family Maximum…A potpourri of information and explanations
Social Security expert Laurence Kotlikoff, Forbes contributor and Professor of Economics at Boston University, tackles a series of particularly complex issues in his regular “Ask Larry” Q&A series. He begins with a response to a question about how a disabled…
Survivor Benefits and the Implications of Your Filing Decision
As we’ve stressed repeatedly to those we’ve counseled over the years, consideration of survivor benefits needs to be a critical part of the decision on when to begin drawing retirement benefits. In summary, filing early (before full retirement age) will…
Attention Women: Some things to think about regarding Social Security
There are several important aspects of Social Security that women contemplating their retirement years need to consider, from building their own work record and what happens absent a work record, to benefits available to divorced spouses and surviving spouses. It…