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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…
My Social Security Accounts…A Key to Interacting with SSA
My Social Security Accounts have been around for several years at this point, and the Social Security Administration has routinely stressed the importance of establishing one as a means to interact effectively with them on matters pertaining to your individual…
Understanding Social Security in a “Gray Divorce” Situation
Brian Loy, CFA, CFP offers advice to those entering a “gray divorce” situation in a post on the Reno Gazette Journal. “Gray divorce,” of course, is the popular term used to describe marital break-ups involving folks age 50 and over,…
Want to Retire Early? Here are Some Suggestions…
The Motley Fool’s Maurie Backman, in a post on their website, takes a look at some areas of focus that, if followed, could enable you to achieve your objective of early retirement. From the most basic suggestion of “living below your…