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Looking Ahead to Social Security in 2021
By now, all who follow what’s going on in the world of Social Security are aware that beneficiaries are in line for a whopping 1.3% increase in their monthly payment. But that’s not all that’s changing for the coming year.…
Dealing With an Unplanned Retirement
Sometimes, you just can’t control the events that impact your life. The COVID-19 pandemic provided crystal clear proof of this, with many folks on the cusp of their retirement years finding themselves needing to adjust to the reality of taking…
Back to Basics on Social Security
We’ve often pointed out that Social Security can be pretty complex, and that is substantiated by the tremendous number of requests for guidance handled monthly by our AMAC Foundation Social Security Advisory Service. But while we deal with some pretty…
A Look at the Math Behind Delaying Social Security
Most of us have heard the discussion around the long-term benefits of deferring Social Security benefits as long as possible, but certainly to attainment of one’s full retirement age (FRA). For those seeking to quantify how this move would affect…
Taking a Look at President Trump’s Social Security Thoughts
It’s been in the news quite a bit for the past several weeks and months, in fact since his early-August announcement about a temporary–maybe permanent–deferral of payroll taxes paid by workers to fund Social Security. While some news accounts have cited…
Another Reason to Seek Social Security Advice!
The Motley Fool’s Katie Brockman, in a post on kenoshanews.com’ Business page, explains the impact of a commonly-held misunderstanding about how Social Security benefits are awarded to eligible beneficiaries. As she points out, a view held by 70% of surveyed baby…
More on the Biden Tax Plans
We’re heading into the final phase of the 2020 presidential election cycle, and many folks are continuing to seek an understanding of the tax implications of the major platforms in contention for the big prize. The Democrat plan, as most…
Is Social Security safe from the courts?
This opinion piece by Nancy Altman of the liberal Social Security Works suggests the courts may be hostile to the Social Security program. She proposes little evidence and simply notes how the current court is more conservative than ever. Altman also…
How to Make Your Social Security Filing Decision Less Stressful
Maurie Backman has some simple advice designed to take the stress and guess work out of tthe most perplexing issue many face in their 60s– when to take Social Security. She says, “Amass a healthy level of savings in a dedicated retirement…
7 Blunt Social Security Truths You Need to Hear
Sean Williams notes that nearly 65 million people receive monthly Social Security benefits. But the program is facing long term challenges due to changing demographics and longevity. These are seven truthful statements, with each explained in the full article: 1.…