Latest News
Does Social Security really need to be expanded?
Breaking away from the election cycle hysteria about the need to expand Social Security because it doesn’t provide enough for people to live on, this article makes a different argument – that retirees are among the richest Americans and there’s…
Want to retire early? Here’s how
Retiring early is, perhaps, the quintessential American dream. And although “early” means different things to different people, it’s a dream that often goes unfulfilled. But, it’s also a dream which may be doable if you approach that goal realistically and…
Retirement: Employers need to evolve sponsored 401(k)s to lifetime income plans
It’s pretty well known that America has a “retirement crisis,” which is exacerbated by diminished availability of “defined benefit” employer plans in favor of employer sponsored “defined contribution” plans. A defined benefit plan is one which offers a lifetime pension based upon…
Social Security for “wounded warriors”, earnings limits when working, and working while on disability
In this informative article by Social Security Claims Specialist J. Parrish appearing in the Galesburg (IN) Register-Mail, the author discusses some of the support services available to disabled veterans through Social Security’s “Wounded Warrior” website, as well as additional information…
Here’s an end of year Retirement Checklist
As we all wrap up the year 2019 and prepare for the new decade with year 2020, it’s a good time to look at your retirement plans, especially how to avoid paying more in taxes and fees than you need…
How to lose Social Security benefits
As advisors, we’re usually asked how to maximize Social Security benefits. But equally important for most people is how to avoid losing Social Security benefits, which could quite easily occur if you don’t know and understand Social Security’s myriad rules. In this…
Don’t fall victim to these retirement myths!
There are so many myths out there about Social Security and retirement, it’s hard to count them. Some are innocuous, but some can really hurt you, such as thinking you can live on Social Security benefits alone, or believing that…
Now is a good time to assess your Social Security position
As we approach a new decade, now is a good time for those approaching Social Security age to evaluate where they stand when it comes to their future retirement – and Social Security will undoubtedly play an important role in that…
Social Security basics you should know
Few would argue that Social Security isn’t a complex program, and rightfully so. The program actually has over 2,700 rules and regulations as expressed in over 100,000 pages of information on their website, covering every conceivable circumstance which might affect the more…
Why must I still pay Social Security payroll taxes?
In a question received by The AMAC Foundation’s Social Security Advisory Service, a reader laments that he must still pay Social Security FICA payroll taxes at work, even though he’s already collecting Social Security benefits. The questioner asks whether he should get…