Full retirement age
Claim Social Security at age 62? Or 67?
Deciding when to claim your Social Security benefits is often a confusing choice, which tends to make many just claim as soon as they become eligible at age 62. But what do you forfeit by claiming at age 62, versus…
The High Cost of Healthcare!!!
We all know that healthcare costs rise over time, especially as we age. So the news that higher Medicare premiums, deductibles, and surcharges are expected to go up over the next decade is hardly new news. But what may be…
Demystifying Your Social Security Benefit
Winston Churchill famously described the Soviet Union as “a riddle inside an enigma wrapped in a mystery.” That may also be an appropriate way to describe your Social Security benefit, or so it seems when trying to understand how your…
A Strategy to Maximize Your Social Security
This Yahoo! Finance article explains how to maximize your Social Security benefits, possible adding another $300,000 to your total lifetime benefits. It suggests that delaying up to age 70 to claim your benefits is a smart move, vs. taking a…
Solutions for Social Security’s Financial Woes
To politicians, Social Security is viewed as a “third rail,” with most not willing to even discuss the modifications which will inevitably be needed to restored the program to financial solvency (“third rail” refers to the electrical power source for…
The Value of Social Security Knowledge
Here at the AMAC Foundation[1], we are keenly aware that knowledge about Social Security will help everyone choose a course of action which is best for their financial wellbeing. At times, it is someone who is looking ahead to retirement…
Ask Rusty – Should my Spouse be getting half of my Social Security amount?
Dear Rusty: I was referred to you to ask a question about Social Security benefits. I receive about $1,700 a month from Social Security while my husband receives only approximately $750 monthly. Is he entitled to file for half of…
Ben Shapiro, Social Security, and “bankruptcy”
Bankrupt is a harsh term. At its worst, the implication is that financial resources are gone. What it really means, though, is an inability to meet financial obligations. In the context of Social Security, the term is unfortunately accurate, in…
Don’t let fear cost you money
According to Suze Orman, a financial expert with more than 40 years of experience, the biggest retirement mistake you can make is claiming your Social Security benefits early. Delaying your claim can significantly increase your total lifetime benefits, as starting…
You mistakenly filed early for Social Security
You realized that claiming your Social Security benefits before your full retirement age was a mistake. But you do have options to correct that mistake, so let’s look at your options. Withdrawing your application You can withdraw your application within…