Latest News
COVID-19 Updates from the Social Security Administration
The Social Security Administration today posted updated information on their webpage dedicated to the COVID-19 (https://www.ssa.gov/coronavirus) pandemic. Here are excerpts on two specific areas our AMAC Foundation Social Security Advisory Service has received a number of inquires about: How do…
Clarifying Today’s Restricted Application Rules
One of the more frequent questions we field at the AMAC Foundation’s Social Security Advisory Service deals with the restricted application (RA) rules that were changed with the Bipartisan Budget Act of 2015. Prior to that Act, folks could apply for…
Unemployment and Social Security: Can you get both?
As the impact on the country’s workforce continues to accelerate in the face of the COVID-19 pandemic, the question of filing for unemployment for those working while receiving Social Security benefits is beginning to surface. The simple answer to this…
Today’s Social Security Scam!
It’s not really a novel approach, but scammers are now contacting seniors and informing them that Social Security is suspending their benefits due the coronavirus pandemic, and offering to “help” keep their benefits intact. The obvious ploy is to get…
Recapping the CARES Act’s Impact on Retirement Investments
The provisions of the Caronavirus Aid Relief and Economic Security Act, or CARES Act, have the potential to impact the retirement strategies followed by investors. U.S. News and World Report contributor Josh Goulding, in an article titled “How Does the CARES…
Ten Quick Questions on Social Security (Along With Answers)
Frequent commentator on Social Security issues Tom Margenau, in this post today on creators.com, provides us a quick-hitting review of 10 of the most common questions he deals with. As he notes, the answers are compact and to the point! Check out…
Getting Help on Social Security Questions During COVID-19 Pandemic
Yes, the Social Security Administration has shuttered its offices indefinitely during the pandemic, and has directed those seeking assistance to their online and telephone services for help. A post by the Savvy Senior appearing today on boulder-monitor.com discusses how this is intended…
Social Security Basics: More Than Half of Americans Failed this Very Basic Test
This has been around awhile, but it’s still amazing to see that so many folks (well, 1500 in this sample anyway!) in the age range of 55 to 65 were unable to correctly answer a series of 12 basic questions…
The Scammers Are Hard At Work, Scheming to Get Your Money
As the saying goes, never let a crisis go to waste (or something like that). And that’s a motto that is driving a whole new set of swindlers and con men to your door (and likely to your keyboard). The Federal Communications…
401k Loan Limits and the COVID-19 Pandemic Impact
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law March 27 offers some much-needed financial relief for folks battered by the pandemic’s economic fallout. In addition to cash payments, improved unemployment benefits, small business support, and other…