Latest News
Government Imposter Scams on the Rise (Again)
Maybe it’s just the time of the year, or maybe it’s fraudsters seeking to take advantage of the elevated confusion in so many areas of the economy, but the Social Security Administration has launched renewed emphasis on combatting the growing pace…
Nebraska, Utah Making Strides Toward Exempting Social Security from Taxation
There are only a handful of states that impose income tax on Social Security benefits, and that number is on the verge of dwindling further. Nebraska and Utah, for example, are taking steps in this direction as explained in two recent articles, which…
Social Security Disability Insurance–A Look at the Basics
America’s Social Security System last year insured well over 150 million workers, about 10 million of whom receive disability benefits under the program’s SSDI provisions. It’s a major facet of our country’s social insurance safety net, so it’s always a…
More Thoughts on Filing for Social Security Early
One of the more frequent issues we deal with at the AMAC Foundation Social Security Advisory Service is the question of when to file for benefits upon reaching age 62. Our response to this question typically is to stress that,…
Understanding Your Social Security Benefit
Many folks have a general understanding that their Social Security benefit is based on their work history. That’s a given, but how many people actually understand at least some of the math details behind the benefit number? A common assumption…
The Financial Implications of Retiring Early
Filing for Social Security benefits before your full retirement age, as most people know, results in a permanent reduction in your monthly benefit amount. Sure, you’ll get more payments for a longer period of time, but in later years that reduced…
It’s Not Your Grandparents’ Retirement Anymore
A long time ago, retirement was looked as the final life phase…the time for rockers and sunset-gazing and just taking it easy. That scenario seems to rapidly becoming a thing of the past, for many reasons. For some, retirement for…
The $15 Minimum Wage and Social Security’s Future
It’s still in the political negotiation stage, and who knows what might happen, but a $15/hour minimum wage standard would produce one clear result…workers would be contributing more payroll tax to the Social Security System. The Motley Fool’s Maurie Backman, in…
Joe Biden and Your Retirement Planning
It’s still pretty early in the Biden Presidency, but for those concerned about their long-term financial situation in retirement, it’s time to focus on what could be coming down the road. In a post nasdaq.com, David J. Scranton (Founder of The…
Social Security Eligibility: Your First Moves
OK, you’re reaching the threshold of Social Security benefit eligibility. What should you do? Most financial advisors would say wait as long as you can–at least until your full retirement age (FRA) or even to age 70 if you can.…