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Some important points about Social Security to keep in mind
Although Social Security has been around for 85 years, the core of the program remains steady; but it continues to evolve to keep pace with societal changes. Knowing these changes will help you better manage and plan your finances during…
Addressing the Rumor Mill: How do benefits change if I don’t file at 62?
It’s a question we get often at the AMAC Foundation’s Social Security Advisory Service: If I elect to not draw retirement benefits at the earliest possible age (62), but stlll stop working, will my Social Security benefit increase? The answer…
Thrift Savings Plans: The Key to Wealth-Building to Supplement Social Security?
Adam Shapiro, anchor and correspondent at Yahoo Finance and co-host of Yahoo Finance Live, offers thoughts on how expanded access to Federal employees’ Thrift Savings Plan (TSP) option to working Americans who do not have access to a long-term retirement savings…
States Taking the Lead on Universal Access to Retirement Savings Options
Much has been written regarding the challenges of saving for retirement, as well as on the inability of many families to accumulate a financial nest egg to support their preferred lifestyle in retirement. Much has also been written about the…
SSA/VA Collaborate to Promote Direct Deposit
(Source: Social Security Administration) Title: Direct Deposit: A Fast, Convenient, and Secure Way to Receive Your Benefit Payments At Social Security and Veterans Affairs, issuing timely benefit payments is a core service we both provide. After all, we know you want…
Another Viewpoint on the Early Filing Decision Dilemma
Most financial advisors, along with hoards of general advice documents circulating on the internet and other media channels, take the stance that filing for Social Security retirement benefits at the earliest opportunity–age 62–is generally a bad move. The discount, of course,…
Survey: The Impact of COVID-19 on Retirement Planning
A recent survey conducted by retirement-plan provider Fidelity shows a fairly wide swath of impact on individuals’ retirement plans, with more than half attesting to a setback of at least two years. And some report a more more dire impact, noting “… they…
Retirement Readiness Assessment
As the saying goes, I was watching this frisbee, and then it hit me. Let’s think about retirement as a frisbee, and let’s assume you’ve been watching it (or at least thinking about it). It’s gonna hit you someday, so…
A Few Things Aboout Social Security You May Not Be Aware of (or have overlooked)
The Motley Fool’s James Brumley, in a post pm mooresvilletribune.com, recaps a series of “occasional tweaks” to Social Security that happen regularly, but don’t draw a whole lot of attention. Things like earnings limits, full retirement age changes, etc. Take a look…
The Social Security Benefit Calculation Explained
Very few folks approaching Social Security eligibility have an understanding of how that number conveyed to them from the Social Security Administration is calculated, and as a result there are many rumors about the details. It can appear at first glance…