retirement
Living on Social Security–It Can Be a Challenge!
For seniors needing to exist on just Social Security, life can be pretty challenging. Yes, that’s a pretty significant understatement. Yahoo Finance contributor Vance Cariaga, in a post today on finance.yahoo.com presents an analysis of just how severe those challenges…
Underscoring the Purpose of Social Security
In a post today on morningstar.com, financial journalist Mark Miller sets forth “A beginner’s guide to understanding and maximizing Social Security benefits.” But it’s more than that…Miller’s article delves into the program’s progressive design, highlighting its long-term role in addressing…
Retirement and 529 Plans…A New Feature That Can Help Beneficiaries’ Retirement Planning
When the SECURE Act 2.0 was passed into law last December, it brought with it a new option for plan owners that can help them provide for retirement security for their intended beneficiary. As reported in a post by Ameriprise…
Testing Your Social Security Knowledge
Despite the importance that Social Security benefits have in millions of folks’ retirement well-being, it’s surprising how little many future beneficiaries have with respect to how the program actually operates. In fact, the results of a recent MassMutual research effort…
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 Millennials: Here’s What You Need to Know About the Social Security Solvency Dilemma
It’s getting a fair amount of publicity these days, and that’s expected to continue growing as the slow-moving train wreck head toward the point of insolvency–in less than a decade. The Millennial cohort–generally considered to encompass those born from the…
Traditional IRAs and taxes
It is tax filing season; did you take all your tax deductions? A simple way to get a tax deduction is by using a retirement account. If you don’t have access to a workplace retirement plan and your annual income…
Does Retirement Result in Less Stress?
Maybe, maybe not. And all this talk about the looming Social Security solvency problem and the projections for a substantial cut in benefits not too far from now certainly isn’t helping. For now, though, let’s set aside the solvency issue…
Retirement Savings Trends–An Upswing In Progress
A new report by Vanguard Strategic Retirement Consulting suggests that millennial and Gen Z workers are focusing more attention on saving for their “golden years.” In fact, the report notes that automatic 401(k) enrollments are resulting in these workers “……
Retirement Planning and the “Adulting” Effect
In a post on the American Society of Pension Professionals & Actuaries (ASPPA), contributor John Iekel offers insights into the status of retirement preparation among young adults between the ages of 18 and 42 — adult children who hail from…