Full retirement age
Ask Rusty – How Will Working Affect My First Year’s Benefits?
Dear Rusty: I retired from working in January of this year and have since claimed Social Security. I didn’t work at all in February or March, but I began a part-time job in April. I’m very confused about how Social…
Looking at a Full Retirement Age of 70–A Supportive Viewpoint
Perhaps one of the most incendiary components of the argument over the looming Social Security solvency problem is the thought of moving the program’s full retirement age (FRA). Currently set at age 67 for those born in 1960 or later,…
Ask Rusty – I’m Approaching 65 – Should I Claim Social Security?
Dear Rusty: I am fast approaching 65 (in August) and plan to continue working full time. I would like to know the implications of that, and about drawing Social Security. Same question for my husband who is past his full…
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 Reform…Between a Rock and a Hard Place?
Since the March 31 release of the 2023 Social Security Trustees Report, and actually for months and years before that, the news waves have been awash with commentary about what can, should, or is likely to be done to address…
The “When to File” Question and its Implications
In a post on myfederalretirement.com, Certified Financial Planner Edward A. Zurndorfer provides detailed assessment of the key factors associated with the “when to file” question. Although his post is offered for the benefit of federal employees, the explanations and parameters…
On “Fixing” Social Security–A Segment of the Public Weighs In
In a mid-March Associated Press/NORC Center for Public Affairs Research poll, a sampling of slightly over a thousand U.S. adults expressed opinions on what needs to be done as Social Security and Medicare hurtle toward insolvency. Not surprisingly, the majority in…
The Flip Side of Increasing the Full Retirement Age
If you’ve been tuned into the rapidly escalating debate on how to address Social Security’s solvency problem, you’ve likely seen many references to one of the suggested “fixes”–increasing the program’s full retirement age (FRA) from its current age 67 for…
Assessing the Implications of an FRA Setback
If you’ve been keeping up with the rhetoric on the Social Security solvency crisis, you’re probably tuned in to the various scenarios being advanced to address the impending trust depletion situation. You probably also know that one of the most…
Headwinds Building in Opposition to a Full Retirement Age Increase
Although many pundits have weighed in on the likelihood of a further setback in the age at which newly eligible beneficiaries can claim their full benefits, a recent Quinnipiac University poll suggests that there is substantial pushback from Republican, Independent, and…