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Sen. Collins Comments on S. 2262, The Expedited Disability Insurance Payments for Terminally Ill Individuals Act
Sen. Susan Collins (R-ME) issued a press release describing the importance of S. 2262, The Expedited Disability Insurance Payments for Terminally Ill Individuals Act, and advocating elimination of the five-month waiting period for claims. The bill, introduced July 25 by sponsor…
The Pros and Cons of Early Filing for Social Security Benefits
It’s a persistent question, and we deal with it frequently in the AMAC Foundation’s Social Security Advisory Service, and there are multiple views on the correct answer. Is you’re grappling with this question, a post on myfox8.com may help you decide.…
The Capital One Breach…Understanding the Implications
By now, the massive security breach at Capital One is old news for many, leaving the 100 million or so affected U.S. customers to wonder what will happen next. Well, the investigations are starting, and the media pundits are aggressively…
Understanding Social Security’s “Wage Base Limit”
Although it affects a small minority of wage earners, the limit set on FICA tax applied to earnings is something that should be understood by anyone interested in how Social Security is financed. I fact, as proposals to address the…
H.R. 4005 – Tax Identity Protection Act Proposed to Address Computer System Shortfalls
Citing known deficiencies in the computer systems supporting the Taxpayer Identification Number Perfection Program, Rep. Buddy Carter (R-GA), and nine Republican co-sponsors late last week submitted H.R.4005, the Tax Identity Protection Act. The Act calls for the Internal Revenue Service to provide evidence…
That “Lack of Retirement Savings” Issue Again!
“Nearly a third of adults age 50 and over admit they’re not prepared for retirement, according to a poll from the Associated Press-NORC Center for Public Affairs Research. In addition, another 39% of older adults say they’re only somewhat prepared…
Social Security Scams Hit the Top of the List in AZ
The scam going around that says your Social Security account has been suspended continues to plague Americans, so much so that www.abc15.com in Arizona has it in their top three most reported rip-offs. And it’s not only hitting seniors, as the…
Social Security Concerns Hit the Top Three
The website NextAvenue, a site focused on the interests of older Americans, recently polled readers to determine what’s most on their minds in the run-up to the 2020 election. No surprise…Social Security and Healthcare joined Climate Change as the top…
Comfortable Retirement–Is a Half Million Enough?
When reading financial news, one often encounters reports that one’s nest egg needs to amount to a million dollars in order to breathe easy in retirement. For those of us who remember when a million really was a major sum,…
Making Social Security Benefits Fit Your Retirement Financing Strategy
Social Security is an important part of many retirement financial strategies, with nearly 60% of retirees reporting that their financial well-being depends on their monthly Social Security benefits. With this as a benchmark, it’s important that future retirees give thought to…