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Social Security Planning: Hints for the Long-Range
If you’ve looked in any depth at Social Security, you’ve most likely come away glazed over after realizing the myriad and complex details that affect your decision points. The program is complex, for sure, so achieving the best arrangements for…
If Your Retirement Plans look to be a little short, here are some things to consider
Anyone looking ahead to their retirement years should be regularly assessing how adequate their financial preparations are. To not do so sets you up for disappointment and pain when you reach that life stage. So, what do you do? There…
Pros and Cons of Putting Off Retirement
For many folks, these are uncertain times. From the pain of inflation and the impact on available cash, to the uncertainty of a potentially lingering pandemic, those aging into the retirement window are wondering just when is the right time…
Taxation of Social Security Benefits…More Thoughts on the Issue
One of the more unpleasant surprises for new retirees, and one of the continuing annoyances for those who have been long-retired, is the simple fact that Social Security benefits can be subject to federal income taxation. And it’s becoming a…
The Importance of Understanding Full Retirement Age
Folks aging into Social Security eligibility face a number of key decision points, most of which have a direct impact on the eventual amount of their monthly benefit. While each decision is important, perhaps the most significant is understanding the…
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…