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Benefits for Disabled Minor and Disabled Adult Children
Disabled children, among the most vulnerable Americans, may be eligible for a wide range of federal and state benefits, including some via the Social Security Administration. Special consideration is given to minor children who are disabled, but benefits can also…
Rethinking Retirement Planning
It seems like retirement planning always comes down to a) “how much do I need to save for retirement?” and b) “how should I take from my savings so that I won’t run out of money before I die?” On…
Social Security’s “Full Retirement Age”
Social Security’s “full retirement age” (FRA) has been gradually increasing for years, despite some still incorrectly thinking that 65 is the age at which full benefits are paid. A Social Security law enacted in 1983 set into motion the future…
Claiming Social Security at 62 Usually Not Wise
There is certainly no question that 62 is the most popular age to claim Social Security, as evidenced by the statistic that about 33% of beneficiaries do. But just because 62 the most popular age to claim, doesn’t mean that…
Frustration With Social Security’s Service
As independent Social Security Advisors here at the AMAC Foundation, we hear every day from Americans frustrated with their attempts to deal with the Social Security Administration, and who often simply give up trying. Telephone wait times at the SSA…
Surprise! Your Social Security Is Affected!
In some situations, a surprise can be a good thing, but not when the surprise is a financial hit to your Social Security benefit which occurred simply because you weren’t aware of Social Security’s rules. Especially if you haven’t yet…
A Social Security Myth That Will Hurt You
According to a recent nationwide survey, nearly half of all Americans harbor a financially dangerous belief – that they can claim their Social Security benefit at age 62 and it will automatically be increased when they reach their full retirement…
When Should You Claim Social Security?
It’s an almost universal question Advisors receive from clients – “When should I claim my Social Security benefits?” Actually, some people claim benefits as soon as they are eligible at age 62, without any thought to whether that is the…
Two Social Security Rules to Beware Of
Anyone who has looked into it will tell you – Social Security is a highly complex program with a labyrinth of regulations which often confuse and sometimes seem contradictory. Everyone who plans to apply for Social Security benefits should make…
Social Security’s Full Retirement Age Stops Increasing This Year
Your full retirement age, or “FRA,” is a factor which strongly influences how much your monthly Social Security benefit will be. Although the benefit amount you get by claiming exactly at your FRA is based on your lifetime record of…