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The Good News and the Bad News on 2024 Social Security Changes
Social Security beneficiaries are looking forward to the 3.2% cost-of-living adjustment and, despite its comparison to the 2023 8.7% bump, the fact that it shows evidence that the brutal inflation of the past three years may be lessening. For those…
Congress Considering Bill to Aid Identity Theft Victims
Congress.gov reports that Bill No. H.R. 3784, requiring the Social Security Administration (SSA) to provide a single point of contact for any individual whose Social Security account number has been misused or whose Social Security card has been lost in…
More on the Social Security “Clawback” Issue: SSA Acknowledges Incorrect Information
As noted in yesterday’s headline article on this site, the doubling in size of the number of Americans receiving payback demands annually has contributed to elevated emphasis by Congress on the problem. In response to criticism, Social Security Administration (SSA)…
Another “Breakeven” Point to Think About
When thinking about breakeven points on Social Security benefits, most of us focus the question on whether or not to file at our earliest eligible age (62) or our full retirement age (66 or 67). if you’re planning to wait…
Dissatisfaction with Social Security’s COLA Highlighted by Study
This isn’t really news, but many seniors have concerns about the 3.2% cost-of-living adjustment set to kick in next month. These concerns focus on a few well-known and frequently discussed criticisms of the current process, specifically that the adjustment is…
A Statistical Look at the “Worst” Ages to Claim Benefits
The question of when to file for Social Security retirement benefits is one of the most frequent queries we receive here at the AMAC Foundation Social Security Advisory Service. When responding, we typically begin our discussion with “Well, it depends,”…
The Downside of a “Wing It” Approach to Retirement Planning
A recent study by Allianz Life coughed up a startling statistic—40% of those surveyed in the study said they do not have a plan for finances in retirement, preferring to cross that bridge when they get there. As anyone who…
Stop Fretting! You’ll Get Your Social Security
It can be pretty perplexing, trying to decide when to claim your hard-earned Social Security benefits. After all, you likely know that the longer you wait the more your monthly payment will be, and not getting the most you can…
Don’t Run Out of Money in Retirement
Heightened by soaring inflation in the past two years, many seniors and soon-to-be retirees worry whether their nest egg is sufficient to last them their lifetime. No question it’s becoming more and more difficult to make ends meet, adding extra…
Understanding Social Security Disability
The problem with misunderstanding? Well, believing something that isn’t true usually leads to an incorrect decision, and that is especially true when it comes to Social Security benefits. Sometimes it seems like there is no way to tamp down some…