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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 If the increase is rescinded in part, Bremer notes…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…
Sen. Warren: SSI Reform Needed, Advocates for SSI Restoration Act
Sen. Elizabeth Warren (D-Mass.), during a recent Special Committee on Aging, advocated for passage of S. 2065 (Supplemental Security Income Restoration Act of 2021) introduced last June by Sen. Sherrod Brown (D-Ohio), suggesting that “No matter which avenue SSI recipients…
Social Security’s Average Monthly Benefit…Understanding How it Relates to You
Many folks tend to look at the published figure that represents the average monthly benefit paid by Social Security and wonder how it relates to their situation. In this post today on the Waco Tribune-Herald, The Motley Fool’s Christy Bieber…
Reminder: Your Social Security Check Is Likely to Change This Month
The Motley Fool’s Christy Bieber, in a post today on tulsaworld.com, highlights the point that many–maybe most–Social Security beneficiaries will see their monthly payment amounts change this month. As she explains, the changes will come from two areas…the application of…