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The age-old question: Must I divulge my Social Security Number when asked?
In the past few years, the seemingly endless barrage of security breaches that cause millions of pieces of personal information–including Social Security Numbers–to be unleashed to nefarious sources has given many of a chill. In an article titled “When It’s…
Thoughts on filing “on-time”
“On-time” might mean different things to different people when it comes to filing for Social Security benefits, but for the purposes of this article posted by The Motley Fool’s Maurie Backman, it means filing in accord with one’s “full retirement age.”…
When to File for Benefits?
This is clearly one of the more frequent questions we receive in the AMAC Foundation’s Social Security Advisory Service and, unfortunately, we can only begin an answer with the responds, “It depends.” The simple fact is there really is no…
Claiming Social Security early, and what happens if you work
Most folks probably know that by claiming your Social Security benefits early your benefits will be cut from what you would get by waiting until your full retirement age to apply. But many don’t really understand how substantial the cut…
On Social Security benefits becoming taxable income
In what is unfortunately a surprise to many Social Security beneficiaries, benefits may become taxable income. For the IRS, your total “combined income” – which includes your regular adjusted gross income, plus any non-taxable interest you might have, plus 50% of your…
GOP’s Brady pushes for bipartisan Social Security reform
In a call for bipartisan cooperation in a House Ways & Means Committee hearing, Representative Kevin Brady (R-TX) touted America’s renewed economic prosperity as a catalyst for continuing last years progress on America’s retirement security with reforms to the Social Security program.…
Opinion: The proposed Social Security 2100 Act misses an important issue
The reintroduced (from 2017) Social Security 2100 Act has garnered much attention recently, especially since a hearing on retirement security revealed a remarkable bipartisan pledge for lawmakers to work together to reform Social Security. But, in the opinion of this…
Are illegal immigrants draining Social Security?
It’s a refrain we often see floating around the internet – “illegal immigrants are draining Social Security”. But despite the persistence of that rumor, it’s simply not true. Though they might strain social benefit programs in other ways, Illegal immigrants are not…
House Ways & Means Committee discusses Social Security reform
In what appeared to be a refreshing example of bipartisanship, members of the new House Ways & Means Committee held a 4 hour hearing to discuss retirement income security, and Social Security was center stage during those discussions. Among the main…
Filing for SS early means a permanent reduction
In this article appearing at NJ.com, Karin Price Mueller fields a question from someone who filed early for Social Security benefits and expected to be able to re-file for a higher benefit at full retirement age. Despite the questioner’s belief…