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Scam Alert: They’re at it again, and it’s getting worse!
The pandemic lockdown certainly hasn’t deterred the scammers and fraudsters from trying to get their hands in your pocket. With an uptick in frequency, authorities are sounding the alarm anew, now noting that many of the calls even display Social Security…
Understanding the Financial Implications of Filing Early for Social Security Benefits
Most people probably know that their monthly benefits are subject to reduction if they file before their full retirement age. But do they have a complete appreciation for just how much of a reduction they’re facing? A post by Financial Advisor Dallen…
Questions on Potential Next Stimulus Round and SSDI
At this point, whether there will be any further stimulus payments remains an unknown, with negotiations continuing on Capitol Hill. Based on analysis of proposals presently on the table, however, cnet senior editor Alison DeNisco Rayome suggests that Social Security Disability…
Retirement Planning: Absence of Knowledge can Hurt
With 80% of the respondents in the 2020 edition of the American College of Financial Services Center for Retirement Income survey failing the 38-question retirement literacy quiz, it becomes clear that there is a strong need for education across a wide swath…
Qualifying for Supplemental Security Income with Social Security
(Source: Social Security Administration) We pay monthly Supplemental Security Income (SSI) to people with disabilities who have low income and few resources, and people who are age 65 or older without disabilities who meet the financial limits. Continue reading → Notice: The…
Support for the Early Filing Decision
As noted in the previous post today, there are positives associated with filing at one’s full retirement age. But at the same time, there are incentives for filing at an earlier age, as explained in a post on mtstandard.com by…
More Support for the Full Retirement Age Decision
The “when to file” question is one of the the most frequent ones we handle at the AMAC Foundation’s Social Security Advisory Service, and our response most often begins with the “it depends” clause. We point out the discount applied…
Remember: Filing Decisions Are Typically Permanent
Allworth Financial’s Nathan Bachrach and Amy Wagner, in a post on cincinnati.com, respond to a common question on the minds of many folks looking ahead to Social Security benefits. Specifically, the question involves the potential future increase of monthly benefits, with…
The Importance of Getting Help with Social Security Matters
In a post on marketwatch.com, West Wing Reports’ White House bureau chief Paul Brandus discusses the impact of the Social Security Administration’s closed field office doors on people needing guidance in applying for benefits. This pandemic-directed policy, while understandable, has…
Social Security Reform: Maybe Not an Election Issue, But…
The American Society on Aging (ASA)‘s recent “Panel of Pundits” offered a slate of panelists the opportunity to weigh in on key issues facing America’s aging population, and naturally one of the key discussion points was Social Security. The consensus…