Latest News
Spouse Benefits – A complex Social Security Area
Here at The AMAC Foundation, inquiries about spousal benefits comprise the category of most frequently asked questions by those who contact us for Social Security advice. And that’s with good reason, because the subject of spousal benefits is one of the most…
Retirement dating; and no, it’s not that kind of dating
After spending decades working, you need to make sure you successfully set yourself up for the next phase in your life: retirement. Retirement is about spending time with love ones, experiencing new things and pursuing what brings you the most…
Proposal on how the government can help you claim Social Security at the right age
More than half of the households headed by someone aged 65 or older rely on Social Security benefits for a majority of total income, while 19 percent depend on Social Security for at least 90 percent of income. People are…
Online video hearings coming soon
(Source – www.ssa.gov/appeals) In our (SSA) continued effort to provide flexible and convenient service options and protect the health and safety of the people we serve, we are pleased to announce that beginning this fall we will introduce another hearing…
The Congressional Budget Office released an updated budget outlook
The Congressional Budget Office released an updated budget deficit outlook to reflect the impact the pandemic has had on the economy along with its impact on the Social Security and Medicare trust funds. According to the agency’s report, the budget…
Tapping into your home’s equity for retirement
If you have paid off your mortgage or most of it, you could tap into your home equity to fund your retirement. Equity refers to the market value of your home, minus what any outstanding balance of all liens on…
Don’t plan to work in retirement, since it probably won’t happen
An estimated 65 percent of people think it’s likely they will work either part time or full time in retirement according to research from Allianz Life. However, they found the actual number of retirees still holding jobs is far smaller,…
Social Security has its share of shortcomings
According to the Social Security Administration, about 21 percent of married elderly couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their income. Overall, Social Security keeps nearly 15 million seniors…
Health savings account remains an underutilized retirement savings vehicle
According to recent Charles Schwab survey, 77 percent of the respondents said their employer offers a health savings account, but only 45 percent report using theirs. This makes health savings account (HSA) one of the most underutilized retirement savings vehicles.…
Planning for retirement isn’t one size fits all
According to research published by Schwab Retirement Planning Services, it found more than half of Americans don’t know how much money they’ll need to retire. They found that on average, individuals with 401(k)s believed they needed $1.7 million in the…