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Increasing your Monthly Social Security Payment
Well, who doesn’t want more in the monthly Social Security check? Very few, of course, and there are a few ways to increase your SS payments. This article describe a few “lesser known” rules which you can use to get…
Understanding the Difference between “SSI” and “SSDI” Disability
Using acronyms to identify a type of Social Security benefit can, itself, result in misunderstanding the benefit. For example, many who engage the AMAC Foundation’s Social Security Advisory Service use the acronym “SSI” to mean “Social Security Income” – but…
Turning 65? Here’s what to know about Medicare!
Age 65 is a major milestone. It’s not just another age – it’s the age at which the nation’s premier healthcare plan becomes available to you, providing you with healthcare coverage for the rest of your life. But Medicare can…
Eliminating Social Security’s “Retirement Earnings Test”
The bane of many a retired senior citizen who choses to work after claiming early SS benefits, the so-called “Retirement Earnings Test” is an outdated Social Security rule which is rightly being considered for elimination. The “Senior Citizens’ Freedom to…
The Age-old Question: When to Claim Social Security?
This question has perplexed senior citizens for many years: what is the best age to claim Social Security? The confusion is, i expect, the result of several things. First of all, there is an eight year window during which everyone…
In the News: Social Security Benefit Cap “Gaining Attention”
The concept floated by the Committee for a Responsible Federal Budget (CRFB) to place a limit on the amount of Social Security benefits a single claimant, or a married couple, could draw is the topic of a post by Piyush…
Thoughts on Lowering the Social Security Claiming Age
This idea seems to come up frequently… if the preferred retirement age is 62, why not lower the full retirement age (currently 67 for those born in 1960 or later)? Without considering the financial plight of Social Security, that sounds…
Thinking Through the Claiming Age Decision
Reaching Social Security’s early eligibility age — 62 — is a milestone for just about everybody, and it marks the first decision point on the road to claiming those retirement benefits. Claiming at that age can produce a lucrative and…
“Uncertainty” Cited as Driver in Age 62 Benefits Claiming
Claiming Social Security benefits at the earliest possible age–62–has been the prevalent choice for many eligible Americans, and despite increased awareness of the permanent reduction in monthly benefits that comes with this step, it remains the choice for a large…
Understanding the “Break-Even” Point on Benefits Claiming
For many folks aging into Social Security eligibility, the question of when to claim benefits poses a bit of a quandary. Claim as early as possible and accept the lower monthly benefit, or wait until later in life and enjoy…