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Sometimes, Social Security Payments Don’t Arrive When Expected. Here Are Some Reasons Why.
Here at the AMAC Foundation’s Social Security Advisory program, we frequently receive calls or emails from folks questioning the “disappearance” or late arrival of their anticipated Social Security payments. There are a few reasons why this might happen, and they’re…
Another Look at the 2022 COLA’s Inadequacy
Live5news.com reporter Nick Reagan, in a post on their website, echos what many pundits have been saying since the 2022 5.9% cost-of-living adjustment was announced a few weeks ago. Calling it a “major increase” that “still falls short of inflation,”…
Getting the Maximum From Social Security…Here’s How
For 2022, the most anyone can get in the way of a Social Security benefit payment is $50,328 ($4,194 per month). Unfortunately for the vast majority, a benefit at that level is extremely difficult to attain. The Motley Fool’s Christy…
Looking Ahead: What Retirement Issues Concern you Most for 2022?
For those looking seriously at retirement planning, the year ahead has some challenges. Yes, that’s an understatement, but what do you suppose are the top challenges on the minds of future retirees? The Motley Fool’s Christy Bieber, in a post…
When to File for Benefits…More Thoughts to Consider
It’s tempting to file for Social Security benefits at age 62. In fact, for some, it’s likely critical to their financial survival. For others, though, it might be an option that requires substantial thought before taking the plunge, and it…
Filing Early? Consider the Impact on Your Spouse Before You Commit
Age 62 is the earliest age at which you can file for retirement benefits and, in fact, that’s the most popular age for filing. It makes sense in some situations, but one wonders if those who took benefits before their…
Looking Ahead to 2022…Things You Can Consider if Social Security Isn’t Enough
Yes, all of us collecting Social Security benefits will receive a 5.9% increase effective with January payments, but by now we all know that will only partially offset the general rise in prices we’ve seen this year. Many of also…
Not Everybody Gets Social Security
Many folks work through their careers with the assumption that everybody gets Social Security. In fact, many folks just assume this to be the case, and fail to plan for the possibility that they may be part of the population…
Social Security’s COLA Conundrum: An Increase that Can Lower Benefits for Some
It doesn’t sound logical, but the cost-of-living adjustment going into effect on January 1 could result in lower benefits for some families living close to the poverty line. In fact, in addition to most beneficiaries not seeing the full 5.9%…
Don’t let taxes take more of your money than they should
A successful retirement does not happen by accident; it takes a lot of planning. Your plan should include where you will live, how much you will receive in Social Security benefits, and whether you should sign up for a Medicare…