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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…
Bill Hopes to Extend Social Security for Students to Age 26
U.S. Senator Chris Van Hollen (D-Md.) and Bernie Sanders (I-Vt.) yesterday introduced legislation to extend Social Security benefits to students who are survivors, children of disabled workers, and eligible grandchildren of retired workers. The bill, titled “Helping Students Successfully Overcome…
Not Everyone Receives Social Security…Here’s Some Reasons Why
Although roughly 66 million Americans receive Social Security benefits, there are no guarantees that everyone qualifies. The Motley Fool’s Katie Brockman, in a post on their website, provides a brief summary of three primary reasons why benefits might not be available…