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Why So Many Aren’t Able to Accumulate That “Nest Egg”
Almost 70% of workers surveyed by Employee Benefit Research Institute report that their level of short-term (non mortgage) debt is the obstacle that prevents them from saving for retirement. They report that in addition to the out-of-pocket debt payments they’re facing, their…
Think Before You Leap (Into Social Security)
There are three tried-and-true criteria for making the decision to file for Social Security benefits, and they’re worth revisiting from time-to-time. Dropping the ball on any one of these three pivotal factors could lead you into a financial predicament later…
Disposing of Tax Returns: Make Sure You Have Earnings Records for Social Security Purposes
One of the most persistent questions on the minds of Americans is “How long must I keep my copies of my Income Tax returns?” In a post today on www.usatoday.com, The Motley Fool’s Kailey Hagen recaps the IRS recommendations currently in…
The CARES Act and Deferred Savings Accounts
In a post on baxterbulletin.com, The Savvy Senior’s Jim Miller addresses the retirement account changes implemented as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, specifically covering the matter of hardship withdrawals, loan limits, and required minimum distributions (RMDs).…
Clarification of the CARES Act Rules on Payroll Tax Deferral
The National Law Review, in a post today on their website, explains a number of provisions enacted via the Families First Coronavirus Relief Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), along with a recap of…
Getting the Most Out of Social Security
Rather than wait until its too late, folks need to know that there are ways to boost the benefit amount they will receive when they elect to begin drawing their earned benefits. For example, delaying the starting point for collecting…
A Retrospective on Aging: Looking back to 1995’s White House Conference on Aging
The “Contract with America” adopted by the Clinton Administration served as the centerpeice for the 1995 White House Conference on Aging, a convocation that adopted as its top resolution, ““Keeping Social Security Sound for Now and for the Future.” Next Avenue Contributor Bob Blancato, in…
How do I apply for Social Security with the offices closed?
Our AMAC Foundation Social Security Advisors continue to serve the public during the COVID-19 disruption, fielding hundreds of calls each month. Many of these calls involve folks who have made the decision to claim their Social Security benefits but are…
Thinking About Re-joining the Workforce? Some Points to Consider
What a year it’s been so far! If you’re relatively new into the retirement phase of your life, you’ve probably been dismayed by the whipsawing financial markets and the unprecedented interest rate situation. In fact, you may be considering getting…
Stimulus Payment Confusion
Many folks eligible for economic impact (stimulus) payments are still waiting, and the IRS just issued an alert affecting two eligibility classes: Supplemental Security Income and Department of Veterans Affairs beneficiaries. Check out this post by Heather Gale of wpde.com for more information. Ms.…