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The Market Downturn and Your Social Security Strategy
These are strange times, indeed. As 2020 dawned, who’d have seen us plummet into a bear market in a space of less than three weeks? For that matter, who would have thought we’d be self-quarantining ourselves and implementing something called “social…
More Thoughts on Deferring Social Security Benefits
The value of holding off on Social Security benefits is pretty well known these days, and many financial advisors extol the virtue of an 8% return on your deferred benefits (especially in view of the paltry–and declining–interest rates offered by…
Younger Workers…Check Out This Advice
For someone in their 20s, perhaps just getting settled into a career track, thoughts of retirement or at best distant and hazy. It’s typical at this point in life to procrastinate on serious thought of preparing for those “golden years,”…
The Personal Aspects of Deciding on Retirement
Of course, there is no one-size-fits-all template for those wondering when they should embrace retirement. It’s a decision that has many facets and implications, but the most fundamental is one’s health and financial situation. But assuming you’re in a position…
Would a coronavirus-driven tax cut be the best solution?
Sure, there’s a substantial level of panic in many quarters of our country right now. Whether it’s in the financial sector, as evidenced by the quick shift from a bull market to bear territory, or the employment sector, with potential…
Here’s What Your “Golden Years” Can Look Like
In this lighthearted account of how her life has changed in retirement, a former banking executive describes her new world, unleashed from the bonds of commuting and daily career turmoil. Appearing in The Buffalo News, Mary Nicoterra’s tongue-in-cheek description of her…
Getting the Most Out of Medicare
Medicare, America’s premier healthcare plan for our aging population, can also be very confusing and mysterious to those approaching age 65. The same is true for those who are already enrolled in the program because, in reality, many just use the…
How to Supplement your Social Security Income
Social Security was never intended to provide all of the money you will need in retirement. As a matter of fact, the program was intentionally modeled to provide about 40% of retirement income, leaving you to figure out how to…
Enrolling in Medicare at 65 Doesn’t Mean You Should Apply for Social Security Too
… but it’s a phenomenon we see quite often here at The AMAC Foundation’s Social Security Advisory Service. Many people don’t realize that Social Security and Medicare are two entirely separate programs and that there’s no need to sign up for Social Security…
Fixing Social Security, and the “Generational Imbalance”
Social Security has taken the spotlight in this election year, with candidates promising either to leave the system alone and not cut benefits, or to greatly expand benefits and levy new payroll taxes to fund the expansion. Amid all the…