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Working During Retirement? Look Out For This
Almost everyone could use a bit of extra income during retirement. It allows you to postpone withdrawing from savings, or work on that “bucket list” doing things you’ve put off for years. But, if you are claiming Social Security benefits, there are…
Will Your Social Security Be As Much As You Think?
Social Security is, of course, America’s premier retirement program, especially with so many private companies migrating away from traditional defined benefit pension plans. The fact is, nearly everyone will eventually rely on Social Security for an important part of their retirement…
Retiring this year? Here are some pre-planning steps to consider.
OK, you’re now looking seriously at “pulling the plug” on your worklife. Once you’ve made the decision, and while you’re enjoying the comfort of having made the decision, there are a few key double-checking steps you would do well to…
Using Disability Upgrade as a Model, SSA Taking Steps to Modernize Legacy Apps
Based on the apparent success of its new Disability Case Processing System (DPSC2), the Social Security Administration is moving forward to improve operation of other “legacy” processes with an objective of aiding n the agency’s IT transformation. ““We are looking…
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…