Latest News
A Refresher on Social Security’s Representative Payee Provision
The Social Security System’s provision for beneficiaries having difficulty managing their finances has been available for some time, but it can be overlooked by families who may need it most. In a post on theweeklyjournal.com, Social Security Administration Public Affairs…
Withdrawing from the Nest Egg…4%, or 4.7%? Here’s some new math to think about.
Whether or not you believe in the math behind the long-standing premise that a 4% rate of post-retirement withdrawal from your accumulated savings works for you, here’s a new set of thinking planning the draw-down of your savings. It’s a…
The 2022 COLA Payment…A Procedural Update
Much has been written and spoken about the 2022 5.9% cost-of-living adjustment (COLA) approved for Social Security beneficiaries, both in support of it and analyzing its inadequacy. Virtually everyone knows that the boost is the largest in four decades, but…
So, How Much Do You Think You’ll Need for Retirement?
According to retirement reporter Robert Exley Jr., it’s more important for retirement planning purposes to consider projected accumulated wealth rather than the specific age you plan to “pull the plug.” Citing the simple fact that each person’s situation is different,…
More Discussion on the “When to File” Question
The question of when to file for Social Security benefits, or more correctly, at what age should I begin drawing my Social Security benefits, is the single-most popular question we receive in the AMAC Foundation Social Security Advisory Service. And,…
Medicare Part B Premium Assessment Under Review?
An article posted on yourerie.com by reporter Scott Bremmer suggests that a reassessment of 2022’s increase in Medicare’s standard Part B premium is underway by the Health and Human Services Department. If the increase is rescinded in part, Bremer notes…
Social Security Fraud on the Upswing in 2022
Officials in several areas of the country are sounding the alarm on illegal situations involving Social Security, with an article by National Interest technology writer Stephen Silver noting, in a post on their website, “A new year has meant plenty…
Social Security has a Place in Your Checklist, Especially When You Hit the “Big 6-0”
While it’s never too early to begin planning for your retirement life–especially the financial part of it–hitting the 60s should be considered a milestone of sorts and should prompt you to think about details. And Social Security is one of…
More on the Perils of Filing Early
Today’s headline post on this site explains the impact of the age 67 FRA for filers turning 62 this year, noting the potential for a 30% “discount” on the monthly benefit. A post later in the day from marca.com adds…
The Benefits of SSA’s New Statement Format
Nate Gartrell, in a post on theeastcountygazette.com, offers commentary on the importance of regularly examines the information presented in the Social Security Statements issued by SSA. His article points out the improvements made in the new format, and how they…