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It’s the New Year…Time to Review Your Financial Protection Mechanisms
Just like taking stock of your physical condition and making that vow to improve yourself in the year ahead, it’s essential at this time of the year to take a good luck at your financial condition. BBB Education Foundation columnist…
A Quick Review of 2020 Social Security Changes (Including the SECURE Act’s Implications)
Several of the key Social Security parameters are changing in 2020, and Robert Powell, TheStreet’s Retirement Daily editor outlines them in this post on www.usatoday.com. His article also explains some of the aspects of the SECURE Act implemented in December, 2019 and…
Understanding the “Retirement Red Zone” and How to Navigate Through It
The “retirement red zone” is described by Anthony Adenikinju of Impact Partners in a post on Forbes.com as “the five-year period before retirement and the first five years during.” It’s not just a period of time…it’s a period of time during…
If You’re Planning to Rely Heavily on Social Security, Read This
In a post titled “How Much of Your Retirement Income Will Come From Social Security?”, The Motley Fool’s Christy Bieber discusses the statistical distribution of Social Security benefits, noting that “For those relying on Social Security as their exclusive or primary means of…
A Roadmap for Filing for Social Security Benefits
U.S, News & World Report contributor Rachel Hartman, in a post on money.usnews.com, provides a helpful list of steps those aging into Social Security eligibility need to be aware. From the documents you’ll need to have at hand to the actual application process,…
The One Big Question: When Should I File for Benefits?
It’s one of the most frequent topics our AMAC Foundation’s Social Security Advisory Service deals with…this question of when should one file. Not only is it a big decision, it is permanent (irrevocable in the first year, but permanent after…
SSA Services for Small Business Owners
With small businesses representing over 99% of employers in the United States, it’s refreshing to note that help is available to these often-harried proprietors. In a post by the Social Security Administration on patch.com, Patch Contributor Delia De Mello offers instruction on…
Planning for the Looming Healthcare “Wild Card” in Retirement Finances
“Healthcare is one of the largest expense areas for retirees. The average couple will need to save about $285,000 in 2019 dollars for medical expenses in retirement, and that excludes long-term care.” This excerpt from a post by Nick Dmitrovich puts a frame…
A Quick Briefing on Key Social Security Basics
While detail information and guidance is always available from the AMAC Foundation’s Social Security Advisory Service (a free service of the Foundation featuring trained and certified advisors), and while the Social Security Administration website (ssa.gov) can be a portal to…
Scams…It’s Not Just Social Security Now!
Fraudsters impersonating “Senior Center” staff, whatever that might be, are beginning to target Medicare beneficiaries, according to a post on “The Mountaineer” Mike Causey, North Carolina Insurance Commissioner, warns that “First, Medicare won’t call you. Second, Medicare will never ask for your Social…