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Why your Social Security check might be lower
Despite the largest increase in the Social Security COLA in forty years for 2022 some people may still see a lower Social Security payment this year. Jim Blankenship of MarketWatch explains how and why this can happen. Some of the…
How to Retire at Age 62 Without Claiming Social Security
It’s a common perception among a majority of Americans– stop work at age 62 (or close to it) and claim Social Security benefits. But is that wise? Are there other options? Maurie Backman explains that it pays to look into…
Don’t Chase a Higher Social Security Benefit. Do This Instead.
Many experts agree that seniors should try to maximize one’s monthly benefit for life, and seniors can do that by working a full 35 years and delaying the start of benefits until age 70. But is there a better bet?…
When to Delay Claiming Social Security, and When Not To
It’s a dilemma almost everyone faces – when to claim your Social Security benefit. There is actually an eight year window during which benefits can be claimed, and deciding when, within that window, is right for you is where the…
Shy on Retirement Savings? Social Security Can Help
Save, save, save for retirement is pretty much what every financial advisor will counsel you, because Social Security was never intended to be your sole source of income when you retire. But life has a way of interfering with that,…
Will Reopening SSA Offices Ease Backlog of “E-verify” Cases?
The Social Security Administration has announced that it will soon gradually start reopening field offices to public access, which will hopefully facilitate getting SS issues resolved more quickly. One such issue which may be helped from improved workflow in reopened…
Supreme Court Justice Breyer Retiring
There are probably few Americans who aren’t already aware that Justice Stephen Breyer has announced his forthcoming retirement from the Supreme Court. That announcement has set Washington D.C. pundits and politicians all aglow with speculation, discussion and angst over who…
Counterpoint: The Importance of Maximizing Your Social Security Benefit
As a counterpoint to another article herein, this article by certified financial planner Gary Boatman suggests that maximizing your Social Security benefit by waiting longer to claim is an important consideration. The article discusses how claiming age affects Social Security…
Waiting Until Age 70 to Claim Social Security May Not Be Best for You.
We strive, here at the AMAC Foundation, make sure everyone knows their Social Security benefit keeps growing until they are 70 years of age and, if all factors are right, waiting until age 70 will give yield not only the…
Surprise! Your Social Security check won’t be as big as you think.
It’s an unfortunate reality for so many Americans – when they finally claim their Social Security benefits, the payment amount is lower, often much lower, than they though it would be. Much of that can be blamed on lack of…