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Saving for retirement: Choosing the right way
The question of how pre-retirement workers should save for retirement often includes discussions of using a 401(k), a Roth IRA, and even a Health Savings Account (HSA), and the tax implications of those investment vehicles. But how do you know…
Retirement means a lifestyle change. Can you adjust to it?
Retirement nearly always brings a sea-change of difference in lifestyle. Many go from a life which is all but consumed by their career, to finding so much time on their hands they don’t know what to do with themselves. Others…
If your retirement plan is derailed, don’t panic. Adjust.
Life has a way of throwing roadblocks into even the best and most carefully reasoned retirement plans. Emergencies or unexpected crises can cause you to tap into that nest egg you thought would carry you through your post-career years. Well, the most…
Leaving the U.S. for a while? Social Security is still there for you.
If you’re leaving the country for a while, there are some rules that you have to follow, and you have to remain eligible for benefits, but Social Security is there for you. Generally, “out of the country” means more than…
What you should know about the SSI program.
Although it’s administered by the Social Security Administration, SSI (Supplemental Security Income) is not paid from the Social Security Trust Funds and, therefore, doesn’t affect your Social Security benefits; rather it’s paid from the Government’s general revenues. But, SSI can…
Wait times for SSDI appeal hearings can be years. But funding to help has now been allocated.
There are about 1.1 million people now waiting for a hearing to appeal their SSDI application decision, and the wait time to get that hearing is now about 26 months. That’s hard news for those who need that support now due…
Time to start focusing on Medicare solvency too!
Much is in the news lately about the Social Security trust fund running out of surplus in about 2035 and now is certainly the time to start fixing that problem, as AMAC has been advocating for years. But not as…
More seniors working into their retirement years
More and more seniors are choosing to work well into their retirement years, and it’s not only for the extra income which that brings. The fact is that people are living longer and healthier these days and many seniors are as…
Guessing how much savings you’ll need in retirement? Not a good strategy.
Almost half of all workers simply guess at how much in savings they’ll need in retirement, and that’s really not a good retirement planning strategy. But there are better ways of estimating what your financial needs will be when those…
New blended retirement system to help Army soldiers
Beginning next year, all U.S. Army soldiers will have access to a new blended retirement system which includes not only long-career soldiers, but also those who serve for just a few years. The new plan will give soldiers 3 options…