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Why Should You Claim Social Security at Age 62?
If you’ve ever consulted with a Certified Financial Planner or Social Security Advisor, chances are you’ve been told that it’s smart to delay claiming Social Security until a later age, in order to get a higher benefit amount for the rest…
AMAC Is Fighting to Stop Taxing Social Security Benefits
The Association of Mature American Citizens (AMAC) has been opposed to taxation of Social Security benefits for some time, and is not giving up that battle. AMAC has announced its support for The Senior Citizen Tax Elimination Act, as reported…
Social Security Oversights That Can Derail Your Retirement
Social Security will play a big role in your retirement future. Unless you’re independently wealthy and don’t need the extra money, reality is that you’re going to be relying on Social Security for a significant part of your income in…
Where Does Social Security Fit In Your Retirement Plan?
Social Security is, arguably, one of the most important financial elements in your retirement future. It is, after all, guaranteed income for the rest of your life. But, there are a lot of things to understand about Social Security before…
Your Social Security Statement, Explained.
Considering how important a role Social Security will play in your retirement, it’s safe to say that understanding your Social Security benefit statement is a pretty important thing. If you’re not yet retired, Social Security stopped sending annual statements to…
Financial Wellness Programs and Retirement Planning–Some Thoughts
Without question, the decision to remain a workforce participant after reaching that “normal retirement plateau” can produce many benefits, including financial improvement and avoidance of the mental problems associated with leaving the familiarity of a work routine. But there are…
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,…