AMAC Foundation
Ask Rusty – Should I Claim Social Security Now?
Dear Rusty: I am 68 years old, born in July 1954. I have the credits necessary to qualify for benefits. The Social Security website says that if I continue to work to age 70 with yearly earnings of $206,000, my…
NCOA Sounds Alarm on Senior Benefits Going Unclaimed
In a post yesterday on www.wusa9.com, Ramsey Alwin (President and CEO of the National Council on Aging), expressed concern that “Every year, older adults leave…$16 billion in benefits on the table because they simply don’t know about them.” As an…
Social Security Benefits can Evolve Along With Your Life Situations
Planning for future participation in Social Security is an evolving situation. As you reach–and pass–certain milestones in life, the availability of benefits under this massive senior benefit program can likewise evolve. As discussed in an AOL.com post by Vance Cariaga,…
“Unretiring” Has Become an Option for Many Dealing With the Economy…But be Careful!
We’re in a pretty tough economy right now, and the outlook for the near term doesn’t look promising. As a result, and perhaps spurred on by the constant barrage of “help wanted” postings and cries of “worker shortages” we hear…
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…