AMAC Foundation
The Role of Life Expectancy in Retirement Decisions
Right now is a good time to focus on an important question which affects your future – When should I take my Social Security benefits? While there are a number of factors to consider when making that decision, don’t overlook…
When you claim Social Security determines how much you receive
About two-thirds of those who claim Social Security do so before reaching their SS full retirement age (FRA). Your FRA depends on the year you were born but, for most claiming SS these days, FRA is between age 66 and…
The Clock is Ticking for Social Security Solvency
Lest we forget, this article provides an excellent treatise about Social Security’s looming financial issues, now forecast to come to pass in about six short years. Don’t panic! That doesn’t mean that Social Security is going away (as in “bankrupt)…
Increasing your Monthly Social Security Payment
Well, who doesn’t want more in the monthly Social Security check? Very few, of course, and there are a few ways to increase your SS payments. This article describe a few “lesser known” rules which you can use to get…
Understanding the Difference between “SSI” and “SSDI” Disability
Using acronyms to identify a type of Social Security benefit can, itself, result in misunderstanding the benefit. For example, many who engage the AMAC Foundation’s Social Security Advisory Service use the acronym “SSI” to mean “Social Security Income” – but…
Social Security: The Mystery of Spousal Benefits
Some things appear to be a “riddle, wrapped in a mystery, inside an enigma”[1], and that certainly seems an apt description of Social Security spousal benefits. Here at the AMAC Foundation’s Social Security Advisory Service, questions about spousal benefits make…
Eliminating Social Security’s “Retirement Earnings Test”
The bane of many a retired senior citizen who choses to work after claiming early SS benefits, the so-called “Retirement Earnings Test” is an outdated Social Security rule which is rightly being considered for elimination. The “Senior Citizens’ Freedom to…
The Age-old Question: When to Claim Social Security?
This question has perplexed senior citizens for many years: what is the best age to claim Social Security? The confusion is, i expect, the result of several things. First of all, there is an eight year window during which everyone…
Straight Talk about Social Security
Since its 2016 formation, the AMAC Foundation Social Security Advisory Service has answered thousands of questions from those seeking guidance with their Social Security options. Most of the questions have been about personal benefit options (when to claim Social Security and questions about…
Understanding the “Break-Even” Point on Benefits Claiming
For many folks aging into Social Security eligibility, the question of when to claim benefits poses a bit of a quandary. Claim as early as possible and accept the lower monthly benefit, or wait until later in life and enjoy…