AMAC Foundation
Ask Rusty – Cutting Social Security Will Make Me Lose My Home!
Dear Rusty: Politicians are talking about taking money from Social Security, but I need that money to support my daughter and pay for my home. I’m a widow, and my husband passed in 2017. I’ll lose my home if my…
The “Retire Early” Question, Again. Some Reasons on the pro side
The general question of when to file for Social Security benefits is, without question, one queries fielded most frequently by our staff here at the AMAC Foundation Social Security Advisory Service Staff. And our responses always start with the frustrating…
Considering Filing at 62? Don’t Rush, says this analyst
One of the most frequent questions we receive at the AMAC Foundation’s Social Security Advisory Service from folks approaching age 62 is simply, “Should I begin drawing benefits?” We respond with a discussion on the implications of early filing versus…
Another Vote Against Claiming Benefits at Age 62
Statistically speaking, you’re a rare case if you wait until age 70 to begin drawing your Social Security benefit. As many (most?) financial advisors suggest, you’re also a savvy planner, since your monthly benefit will be maximized–fully 24% greater than…
Social Security Filing Strategies…The Importance of Fully Understanding the Rules
Let’s start with an understatement…Social Security is complex. The issues of when to file, and how to file, for benefits are something we deal with repeatedly in the AMAC Foundation Social Security Advisory Service. Many folks come to us with…
SSA Website Upgrades Driven by Customer Feedback
In an era of improving the customer experience, the Social Security Administration (SSA) has implemented significant improvements to its online presence, as explained by SSA’s acting chief business officer, Eric Powers n an interview with Federal News Network reporter Tom…
Another Indictment of Social Security’s COLA and its Inadequacy
Sure, the 8.7% cost-of-living adjustment showing up beginning this month in beneficiaries’ monthly payments is welcomed relief, but the question of how well it compensates for inflation is subject to frequent questions. In a nasdaq.com post by Bram Berkowitz, the…
Questions About Social Security?
As always, the new year brings a spate of questions about Social Security, usually in terms of new limits going into effect. This year, of course, there’s a fair amount of interest in knowing how much of the 8.7% cost-of-living…
CBS/YouGov Poll: Fixing Social Security Makes the High Priority List for 118th Congress
A nationally representative poll conducted last week by YouGov for CBS News posed the question of what should be the high priorities for the incoming Congress, and the top three responses were not a surprise: lowering inflation, protecting Social Security…
Ask Rusty – Will My Work Earnings Affect My Social Security Benefits?
Dear Rusty: I am presently 67 years of age and am still working full time. I am receiving Medicare coverage, but I have not yet applied for monthly Social Security payments. I have been told that I can take SS…