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The Social Security Trap You Can’t Afford to Fall Into
Misinformation and misunderstandings can cost you dearly when it comes to claiming Social Security benefits according to Maurie Backman. Claim at 62 and forget about it seems to be the mantra. But the author points out one must understand their…
Don’t Claim Social Security If You Can’t Answer These 4 Questions
It’s a decision most of us will have to face eventually– when to start Social Security benefits. Christy Bieber notes once you make that choice, you have few options for a do-over, and you could affect the amount of income…
Claiming benefits at age 62 is tempting. Don’t.
The earliest age you can sign up for Social Security is 62, and it is also the most popular age to file. But Maurie Backman explains that is likely a mistake for most to do so before full retirement age (FRA), including…
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,…