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How much pre-retirement income does Social Security replace?
Social Security benefits are an important source of retirement income; however, for some elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their…
Do you know your FRA?
When it comes to Social Security there is one important number you need to know: your full retirement age, or FRA. So why is this number so important? Knowing this number will make the difference between reducing your monthly benefit…
Tips to maximize your Social Security benefits
We all want to maximize our Social Security benefits but where to begin. In Will Kenton’s article for MoneyTalksNews, he writes about Mary Beth Franklin’s, a nationally recognized expert in Social Security claiming strategies, six insider tips for getting the…
Ready to File for Social Security? Here Are Some Factors to Know.
Once you’ve made your decision to file for benefits, there are a few checkpoint-type items you need to understand. From how much your benefit will be to how that amount fits into your overall financial plan, as well as the…
More on Spousal Benefits …
As we’ve said before, the issue of Social Security benefits for spouses is one of the areas we most frequently receive questions about at the AMAC Foundation’s Social Security Advisory Service. It can be complex, and it needs to be fully…
Filing Early…Understanding the Consequences
Most folks know that filing for Social Security benefits before one’s full retirement age results in a lower monthly benefit payment, Of course, you’ll get more monthly payments, and the system is calibrated so that if your time in the…
Medicare Scams Now Making the Rounds
From time-to-time, we post alerts about Social Security-related fraud activity, recognizing that it’s important for Seniors to understand how scammers prey on them. It’s equally important to be aware of how these despicable folks execute scams related to Medicare, and…
Biden Hints at “More Direct Stimulus Payments”
Although there doesn’t yet appear to be much common ground in Congress for the next economic stimulus plan, the Biden camp is making its thoughts known. Reporter Oscar Gonzalez, in a post today on msn.com, highlights the thoughts expressed by Joe…
SSA Among Agencies Eyeing Telework As Permanent
While it’s not a totally new concept, “work at home” has taken on new prominence as a result of the COVID-19 pandemic lockdowns. With agencies like Social Security Administratoion, Government Accountability Office, and Homeland Security finding success in adapting work…
A Snapshot Look at Spousal Benefits
In this post today on bigrapidsnews.com, Social Security Administration Public Affairs Specialist Vonda Van Til provides a quick look at the important subject of spousal benefits. At the AMAC Foundation’s Social Security Advisory Service, we note that this is the…