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The Absolute Importance of Planning for Retirement
It’s something we all know, but unfortunately most of tend to push it to a back burner in the face of current-day priorities and what we consider to be more important, more urgent issues. And then, all of a sudden…
The Scammers Never Take a Break
It’s tax season, and guess what? There’s a new fraud technique in town! The Internal Revenue Service recently published alerts about a new variation on the ages-old scam where thieves try to pocket your income tax refund. It’s further proof…
Your SSN: To provide it or not…that’s the nagging question.
This is a recurring question in all quarters of the business world…must I provide my Social Security Number when a business asks (or demands) it? In a recent Social Security seminar conducted by the AMAC Foundation, this question arose and…
Social Security Celebrates Black History Month
(Source: Social Security Administration) In February, we honor African Americans by celebrating Black History Month. Created in 1926, this event coincides with Abraham Lincoln’s and Frederick Douglass’s birthdays. African American communities have celebrated these birthdays together for over 90 years.…
Homestretch Retirement Planning
You may not view it this way, but attaining age 50 is considered a wake-up call by many. It’s a plateau of sorts, and it’s a good time to take stock of where you are with respect to preparing for…
It’s Tax Time, and Here Are Some Options to Bolster Retirement Income
With so much media attention focused on the lack of savings among future retirees, it sometimes gets lost in the fog that the tax season presents some great opportunities to add to your future nest egg. For example, you can…
Sizing the Social Security “Nest Egg” Boomers will Realize
Using Urban Institute estimates as a base, statisticians writing for The Motley Fool calculate that the average middle-class member of the “Baby Boom Generation” will collect $318,000 in lifetime Social Security payments. Sean Williams explains the math behind this calculation in an article posted…
Age 62 Mortality Rates…A Frightening Thought?
The results of a study by Maria D. Fitzpatrick of Cornell University and Timothy J. Moore of the University of Melbourne have suggested that there may be a connection between early retirement for men and an upswing in mortality rates. Their…
Planning on retiring early? Here are things you need to know.
If you’re looking toward an early retirement, and are accumulating the funds necessary to enable this goal, there are a few important details you need to be aware of that can help you in this quest. Managing your deferred compensation plan…
DRCs–Something Worth Waiting For?
Most folks are aware that the longer you wait to file for Social Security benefits, the higher your monthly benefit will be. But do you know how much larger? And do you realize that there’s a corollary benefit, in that deferring benefits…