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Your home could generate money for you in retirement
According to the 2019 Retirement Confidence Survey, it found more than a third of those 55 and older have saved less than $100,000, and about 60 percent have saved less than $250,000 for retirement. With Social Security benefits only replacing…
57.3 million employees don’t have access to a retirement plan
According to a new report from the Georgetown University’s Center for Retirement Initiatives, it found 57.3 million employees in the private-sector workforce do not have access to a retirement plan through their employer. The report also mentions that 79 percent…
Is there a second stimulus check coming your way?
Although nothing is final yet, it now appears Congress has agreed on a new COVID-19 relief bill that includes a second round of stimulus checks, with a vote expected today. The bill will then go to the President for signing, and It…
Apprehensive About Retirement? Here Are Some Thoughts to Consider.
Freelance writer Mary Shustack takes a look at some of the realities of facing retirement years. For some (maybe many) the thought of stepping off the career track can generate some concerns, or at least some serious thoughts on what’s…
Is age 50 in your sights? Some things to think about.
Age 50. Half a century. It’s a big milestone in life’s journey and let’s face it, it also means you’re much closer to those retirement years that so many folks talk about. So, if you’re reaching that point soon, there…
Filing for Social Security Early…Rethinking Conventional Wisdom
Sure, it’s pretty clear that waiting until the all delayed retirement credits (DRCs) are rolled into your monthly benefit payment produces a higher level of cash flow at that point. Many folks are moving in that direction for their retirement…
Looking Ahead to Social Security? Here Are Some Things to Consider.
Call it planning or call it simply good housekeeping, there are some basic steps anyone looking down the road to their earned Social Security benefits needs to consider. Among these are keeping an eye on their benefits projection provided by SSA…
RMDs are scheduled to return in 2021. Be sure to plan for them!
The CARES Act in 2020 waived required minimum distributions (RMDs) from retirement savings accounts, but only for the calendar year. They’ll be back in effect for 2021, so you’ll need to plan for them and their potential impact on the…
Newly Divorced? Pay Attention to Social Security Rules
In the smokey haze of a divorce situation, it is often easy to overlook certain fundamental items you need to consider. Social Security’s rules for retirement benefits and spousal benefits are one of these items. An article by Columnist Jim…
Viewing Social Security as an “insurance” program is important
It’s a question that comes up often. In fact, here at the AMAC Foundation Social Security Advisory Service, we field it regularly. Basically, it’s phrased in terms like, “When I die, what happens to the difference between what I paid into…