Latest News
Four Principles to Guide You to Security in Retirement
The transition into retirement can be a traumatic step for many folks, especially for the large segment of Americans stressed by what they consider inadequate savings to support this phase of their lives. A recent post by Garrett Harbron, Head…
Benefits Taxation: An Example of How it can Impact Even Modest Wealth Levels
If you’ve had a chance to read today’s headline article, you’ve probably acquired a good overview of how the whole taxation of Social Security benefits process works. With that in mind, this post by David Beren of 247wallst.com, appearing on…
Retired but Employed? You’re Not Alone.
A YouTube segment aired yesterday presented the reasons why one in five Americans aged 65 and older elects to remain in the workforce. In fact, it’s becoming clear that many folks enter retirement expecting to be employed. The reasons are…
AMAC Provides the Latest Social Security Updates Through Its Partnership with the SSA
AMAC’s partnership with the Social Security Administration gives us access to the agency’s Monthly Information Package (MIP), a collection of articles that provides updates on Social Security programs, services, and resources. In support of the AMAC Foundation’s mission to serve…
SSA OIG Joins DOJ in Launch of National Fraud Detection Center
(Source: Social Security Administration) New partnership enhances federal law enforcement coordination to identify and disrupt complex fraud schemes targeting Social Security programs The Social Security Administration Office of the Inspector General (SSA OIG) announced its partnership with the U.S. Department…
2027 COLA Watch - Mark Your Calendar
October 14 is the date that Social Security Administration officials expect to announce next year’s cost-of-living adjustment. Current projections indicate that beneficiaries can expect a 3.4% to 3.6% increase, higher than the 2.8% average over the past three years. The…
What Gen Xers Think About Retirement and Social Security
The population cohort following on the heels of the Baby Boomers—labeled Gen X—will begin reaching Social Security eligibility next year. Given Social Security’s looming insolvency and the projections for either a benefit cut in six years or a substantial reshuffling…
Thinking about where to retire?
Decisions, decisions, and more decisions. Retirement planning is not (or at least shouldn’t be) a simple exercise. The financial pathways are critical and need to be considered well in advance. So too are the social implications of leaving a career…
Claiming Social Security? Focus on the basics.
Reaching age 62 means you’re now eligible to claim Social Security retirement benefits, even if you’re not technically retired. You’ll want to focus, of course, on the Retirement Earnings Test rules and how that might affect the benefits you’ll receive,…
More on the “Scrap the Cap” Argument
As most readers are keenly aware, the dialog on how to fix Social Security’s looming financial catastrophe most often turns to elimination–or at least adjusting–the payroll taxable maximum. The basic argument goes like this: someone earning a million dollars in…