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Spousal Benefits for Divorced Women
Questions about spousal benefits sit on top of the list of most frequently asked questions fielded by The AMAC Foundation’s Social Security Advisory Service. And questions about benefits available to divorced spouses, primarily from women, constitute a fair percentage of…
Keys to Retirement Planning
The COVID-19 pandemic has thrown the retirement planning world into chaos, for nothing is feared more than the unknown. But in these unsettling times, sticking with the basics is often the best course, as suggested in this (MO) Daily Journal…
Retroactive SS Lump Sum is Attractive, But There Are Consequences
In this NJ.com article by Karen Price Mueller, the author responds to a question about accepting a retroactive lump sum when applying for Social Security after full retirement age. The article explains the pros and cons of accepting a retroactive…
Stimulus Payments Still Unpaid for Some
Probably the most frequently asked question over the last couple of months is “Did you get your stimulus check yet?” And that’s not surprising considering the sheer size and diversity of the population that is schedule to receive those payments. For…
About Working After Claiming Social Security
In this Nasdaq.com article, contributor Maurie Backman discusses an increasingly common phenomenon – working after claiming Social Social Security benefits. No question that working after retirement is a great way to improve your economic status and prevent drawing down your…
Public employees and Social Security
Public service employees in 27 U.S. states may be affected by either or both of two Social Security provisions which will reduce their SS benefits earned outside of that employment. Those provisions, known as the Windfall Elimination Provision (“WEP”) and the…
Beware of Coronavirus Medicare Scams
Cyber criminals, too, believe in the philosophy to “never let a crisis go to waste.” And so, with the COVID-19 pandemic in full swing, we probably shouldn’t be surprised that there is an upswing in the number of Medicare scams…
Will Another Economic Relief Package Include SS Recipients?
The first round of economic relief due to the COVID-19 pandemic disbursed stimulus payments to, among others, Social Security beneficiaries whose income qualified them for such payments. All the buzz in Washington, D.C. these days is that Congress is actively…
Will the Pandemic Affect Social Security And Medicare?
Even before the pandemic ravaged the American economy, both Social Security and Medicare were headed for financial issues, as recently reported by the Board of Trustees for both programs. Social Security’s Trust Funds were expected to be depleted in 2035,…
Should You Take Social Security Early?
Most Social Security advisors will suggest that waiting to claim your Social Security benefits is the best way to increase your benefit amount. And that is, indeed, true. But, life is full of realities where waiting until a later age…