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When to file? It’s all in the timing.
The question of when to begin drawing Social Security benefits is one of the most frequent questions we receive here at the AMAC Foundation Social Security Advisory Service. Our answer usually begins with the frustrating statement, “It all depends,” after…
Social Security and Federal Income Tax: An explanation
It can be a surprise to the newly retired…your Social Security benefit may be (probably is) subject to federal income tax. For those not aware, since 1983 these benefits have been subject to income tax on a tiered basis. The…
A Look at Divorced Spouse Benefits
The rules associated with drawing Social Security benefits on an ex-spouses work record are very specific but, if applied correctly, can afford the ex-spouse essentially the same benefits as those available to a current spouse. Karin Price Mueller of NJMoneyHelp.com, in…
Don’t Overestimate Social Security’s Part in Retirement Planning
Unfortunately, many folks have an overly optimistic view of the role that Social Security benefits will play in financing their “golden years.” As a result, many tend to arrive at their retirement inadequately prepared to deal with the reality that Social…
Earning Social Security Benefits
Typically, retirement income is what folks think about when they refer to Social Security, and that’s certainly the major part of the program. Another prominent area, of course, is the provision of disability benefits (SSDI), bit did you know there…
Social Security and its Role in Your Retirement Plannin
We’ve channeled a number of articles over the past years dealing with the fear that many folks have about outliving their money in retirement and, right along with that, their concerns about not being able to amass the amount of…
Deliberations on Additional Round of Stimulus Continuing, but with Potential Re-Targeting
The Biden Administration has signaled the possibility of putting a finer point on the issue of who ends up with a stimulus payment this time around. Limiting eligibility for stimulus boosts are likely part of an effort to reduce the…
Scams Involving Social Security Numbers Are on the Rise (Again)
It’s that time of the year again (actually, it always seems to be that time of the year!) when the scammers are in full motion in their constant effort to grab your Social Security number. And right now, with the…
Retirement Fears: Social Security’s at the Top of the List
A recent SimplyWise Confidence Retirement Index put the impending demise of Social Security at the top of the list of retirement-related fears on the minds of a majority of Americans, but most notable in the minds of 58% of those in their…
Outliving Your Money in Retirement is a Fundamental Concern
So, what steps can you take to avoid it? It’s not a new concern, and it’s probably fair to say that nearly everyone entering their retirement years has given at least some thought. For the most part, though, that’s the…