AMAC Foundation
One More Time: When Should I Take Social Security Benefits?
It’s not always a simple decision, and it’s one of the most frequently-encountered questions most financial planners receive from their clients. Here, in a less-than-three-minute video clip from Fox 2 St. Louis, is a summary view of points to consider…
Re-thinking the Term “Retirement” and Its Impact on Social Security and Medicare
As we’ve pointed out frequently on this website, the tempo is beginning to increase in the media regarding–finally–a serious look at correcting Social Security’s long-term financial woes. Many pundits and news sources have begun to step up their coverage of…
Understanding the Implications of Filing Early
The majority of seniors aging into Social Security eligibility opt to begin drawing benefits before reaching their full retirement age (FRA). For some, it makes sense. For others, waiting would likely produce a gain in the amount of monthly benefit…
Dealing With Social Security’s Income Tax Consequences
One of the most unpleasant issues many Social Security beneficiaries encounter is the fact that their benefit may be subject to federal income tax. Not only is it unpleasant, but it’s also often not anticipated during the retirement cash flow…
The Importance of Optimizing Social Security Claiming Decisions
Several articles channeled this week via our “Latest News” segment have addressed the persistent question of when to begin drawing Social Security retirement benefits. One, for example, argued for filing at the earliest possible age (62), while another offered a…
Your “my Social Security” Personal Account
Here at the AMAC Foundation’s Social Security Advisory Service we hear nearly every day from those frustrated by attempts to contact Social Security to find out relatively simple information, such as what their monthly benefit will be next year. Telephone…
Social Security’s Problems Should be Above Politics and Pandering
A plethora of bills are routinely introduced in every new Congress, mostly by Democrats, promising higher benefits, whether in the form of cost of living adjustments, one-time payments, or permanent minimum benefit increases. The problem with all of the proposals,…
Worried About Social Security in Your Future? Mistakes to Avoid
As noted in an article posted today by The Motley Fool’s Selena Maranjian on their site, many Americans are worried about the health of our country’s Social Security system, and rightfully so. Ms. Maranjian acknowledges the worries, and offers conjecture on three…
AMAC Foundation’s Social Security Advisory Service Remains Open!
Recognizing the critical nature of what we do and its importance to those we serve, we’ve taken steps at the AMAC Foundation to maintain the continuity of our Social Security Advisory Service during the pandemic disruption sweeping the country. By re-deploying our…
Women and Social Security: The Importance of Leveling the Playing Field With Education
Effective retirement planning requires quite a bit of focused attention, but it also requires an in-depth understanding of the rules and options surrounding Social Security’s key decision points. In a post on plansponsor.com, Journalist and Editorial Assistant Amanda Umpierrez offers…