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Why to Delay Social Security Benefits if You’re Married
Katie Brockman explains the usual benefits of waiting past age 62 up to age 70 before starting Social Security benefits. But, as she states, if you’re married, there’s one compelling reason to consider waiting until age 70. After a death, widow(er)s…
A Bitcoin IRA Instead of Social Security?
MacKenzie Sigalos of CNBC takes on the issue of Bitcoin by profiling a registered nurse in Minnesota named Matthew Roed who is putting more faith in it than Social Security. The article notes BitcoinIRA launched in May of 2016, offering investors…
Social Security is running out of money
An op-ed in the Las Vegas Review-Journal advocates for Democrats in Congress to shore up Social Security rather than focusing only on infrastructure. July figures from the Congressional Budget Office suggest the trust fund will now deplete all reserves in 2032,…
3 Social Security Moves You Can Make in 10 Minutes or Less
Katie Brockman advises three things that everyone can and should do now regarding Social Security, even though benefits cannot begin until age 62 at the earliest. First, figure out your full retirement age, which is determined by birth year. Of…
Work-at-Home Employment Scams…Yet Another Way to Get your Social Security Number
The COVID-19 changed many, many aspects of everyday life for most of us, and of course one common change affected the way we’re employed. In fact, many who lost their jobs as companies folded turned to what looked like lucrative…
Spousal Benefits – Several Key Questions
The general subject of Social Security’s spousal benefit provisions can be complex, and in fact, is one of the most frequent subjects we at the AMAC Foundation Social Security Advisory Service address. Forbes contributor Laurence Kotlikoff, President of Economic Security Planning, also addresses…
Rethinking the Generally-Accepted Advice of Delaying Social Security
Just about everyone who’s looked into Social Security has heard the advice to delay filing as long as you can, even waiting to age 70, if possible. And certainly, avoid filing at the earliest possible opportunity (age 62). In fact,…
Never Employed? There are still ways to draw Social Security benefits.
How much you’ll be able to receive form Social Security in retirement is generally calculated based on your workforce participation, and specifically, the amount of income you had that was subject to payroll tax (FICA). But what if you never…
Helpful Facts About Social Security Disability Benefits
(Source: Social Security Administration) When the unexpected happens and you can no longer work due to a serious medical condition, Social Security Disability Insurance (SSDI) benefits can be a lifeline for you and your family. Most American workers contribute to…
Getting the Highest Benefit Possible
As you look ahead to claiming your earned Social Security benefit, be aware that by design, the program is only structured to replace about 40% og your pre-retirement income. Still, there are steps you can take along the way to…