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So, Where are the checks?
Reports of delays in delivery of the approved $1,400 stimulus checks have prompted inquiries from a group of House of Representatives officials directed to the IRS and SSA for explanation. In a letter dated yesterday, the group stressed “”The American…
More Q&A on the Stimulus Checks (The First and Second Editions, Anyway)
The IRS today posted answers information on five frequently asked questions about the first Economic Impact Payment, focusing specifically on Social Security, Railroad Retirement and Department of Veteran Affairs benefit recipients. Click here to check them out on the IRS.gov website……
Social Security and the Biden Plan: An Interview with Alicia Munnell
In a post on their website, ThinkAdvisor’s Jane Wollman Rusoff recaps an interview with Center for Retirement Research at Boston College director Alicia Munnell addressing the Biden Administration’s plans for fixing the U.S. Social Security System. Citing several pros and cons associated with…
Research: Running Out of Money in Retirement Not as Prevalent as Thought?
The fear of outliving one’s resources is something that keeps many from losing sleep. No question about that, but it is it really the monumental problem many fear it is? NerWallet columnist Liz Weston, herself a certified financial planner, suggests…
Retirement Basics…Some Money Management Thoughts
OK…you’re on the cusp of retirement–or maybe you’ve just taken that step. Either way, before you relax into the easy life, you might want to give thought to some basics that will help you navigate the life ahead during those…
Early 2022 COLA Watch!
We’re only two days into Spring, but the pundits are already opining on next year’s Social Security Cost-of-Living Adjustment (COLA). Take it as just what it is…a very, very tentative projection based on what’s happened over just the past few…
Want a Higher Social Security Benefit?
Just about everyone is interested in getting the biggest payback from their Social Security investment, and at the AMAC Foundation Social Security Advisory Service we field many requests aimed at that goal. Unfortunately, they often come from folks already in…
Retirement and “Gen Xers”–
The cohort of future retirees labeled “Gen X” (defined as those born from the early-to-mid 1960s to the late-1970s) have a first wave now looking seriously at retirement, while the younger folks in this group still have a long way…
Extra Month to File 2020 Taxes — Should You Wait?
Many Social Security recipients must pay income tax on at least a portion of their benefits received each year. Thus it was likely welcome news that the IRS extended its deadline from April 15 to May 17, 2021 for 2020…
Social Security’s services have changed during the pandemic
People have sometimes found getting through to Social Security and/or getting an appointment with a local office maddening. And that was before the pandemic. Since, things have changed drastically, with virtual meetings being the new normal. Lorie Konish of CNBC highlights…