AMAC Foundation
The Importance of a “Break-Even” Calculation
As we’ve noted repeatedly on this site, the question of when to claim Social Security benefits is one of the most frequent questions received at the AMAC Foundation’s Social Security Advisory Service. Because of its consequences, we take great caution…
Another Perspective on the “Claiming At 62” Question
Age 62 remains the most popular age for claiming Social Security retirement benefits, and there are many pros and cons cited either in favor or disfavor of this as a filing strategy. Here at the AMAC Foundation Social Security Advisory…
An Assessment of Potential Social Security Solvency Solutions
As we’ve been noting for some time, the emphasis on reforming America’s Social Security program in the face of the rapidly approaching solvency crisis is beginning to draw attention in the early months of the 118th Congress. Many credible sources…
Retirement Myths: Why It’s Important to Know What’s True
As our accredited advisors here at the AMAC Foundation Social Security Advisory Service are well aware, there are quite a few myths and misunderstandings about Social Security and retirement. We deal with them on an everyday basis, and it’s a…
Complications That Married Couples Face When Claiming Benefits
Anyone who’s looked into the process for claiming Social Security benefits knows that it can be deceptively complex. Many uninitiated approach the process with the simplistic view that when you turn 62, you just go and sign up. They quickly…
Social Security Basics…Some Things You Need to Know!
On the surface, Social Security seems somewhat simple…you work and pay FICA tax, then you draw benefits when you retire. But as anyone who has navigated these waters can probably tell you, it’s not that clear-cut. In fact, there are…
The On-going Question: Should I Delay Claiming Social Security?
This is without one of the most frequent questions we receive here at the AMAC Foundation Social Security Advisory Service, with many folks confused with the impact that various benefits starting points can have on monthly benefit cash flow. For…
Social Security Solvency–Shining a Positive Light on the Crisis
Although acknowledging that Social Security faces long-term financial problems, including the potential for a substantial benefit cut about a decade from now, officials at the Center on Budget and Policy Priorities take the high road in an article posted on…
The Social Security Solvency Dilemma – Part 1
The most recent edition of the Social Security Trustees Report moved the projected date for full depletion of the program’s trust fund reserves forward a year. While that’s not good news, certainly, it does have the effect of shining a…
Social Security’s Lump-Sum Payment Provision
Marcia Mantell, RMA®, NSSA®, in a post on thestreet.com, provides a bit of history associated with Social Security’s often misunderstood lump-sum benefit provision. Her post explains the 6-month lump-sum payout available to claimants electing to start their benefits at (or…