AMAC Foundation
Is increasing Social Security’s full retirement age on the horizon?
Social Security’s full retirement age (FRA) is the point at which you get 100% of the monthly benefit you’ve earned from a lifetime of working. Right now, the FRA for anyone born in 1960 or later is age 67. And,…
Contrasting View: Taking Social Security at 62 is wrong
In contrast to yesterday’s Headline Article at this website – “Should You Claim Social Security at 62?” – this article by financial guru Suze Ormond argues that, in most instances, you should not claim Social Security at age 62 but…
Social Security for Married Couples
When to claim Social Security is a relatively simple decision for single individuals – base your claiming decision on your own personal financial needs. But that decision is not so easy for a married couple, because each couple should look…
Should You Claim Social Security at 62?
Most financial advisors will likely say no – it’s far better to wait longer to claim Social Security and get a higher monthly payment for the rest of your life. Why then, is age 62 the most popular age to…
Are You Ready to Claim Social Security?
Being mentally ready to claim Social Security and being physically ready to make that move may be two different things! Sure, if you’re stressed out at work or otherwise simply ready to hang up your work clothing, and you are…
How Taxes fit into Social Security’s Financial Future
Unless you were sleeping (or perhaps out of the country) since the last Presidential election, you’ve likely heard a lot about President Trump’s desire to change how income taxes are levied on Social Security benefits. Repealing taxes on Social Security…
Are you Single? Thinking about when to start your benefits? Here are some things to think about.
As a single person, your Social Security benefit is based solely on your lifetime earnings, and no help from a spouse. It is very important that you determine how heavily dependent you will be on your Social Security benefits. For…
Unpaid Student Loans Can Be Deducted from Social Security Benefits.
Beginning May 5th, 2025, if you are behind on your Student Loan payments, you can have 15% of your Social Security benefit withheld until it is repaid. You need to make a payment plan arrangement before May 5th, 2025, to…
Social Security is Changing…Here Are Some Thoughts on How to Keep Ahead of What’s Happening
As noted in an earlier article today, some pretty significant changes have been implemented so far this year in the world of Social Security. And if you read between the lines, you’ll no doubt realize that there’s more to come…much…
Critical Details to Know About Spousal Benefits
Anyone approaching Social Security eligibility faces several key decision points, most of which have long-term implications for their later years. Couples reaching this stage have a specific set of parameters they need to understand clearly, from determining eligibility to assessing…