retirement
What you need to know about retirement ages in the US
Your age matters when it comes to Social Security benefits. You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your full retirement age. If you…
Three ways to supplement your retirement savings
Millions of Americans face the reality of spending their senior years in straitened circumstances, struggling to make ends meet. However, if you are one of those individuals who are low on retirement savings, all is not lost. Maurie Backman explains…
Social Security’s Lump-Sum Payment Provision
Marcia Mantell, RMA®, NSSA®, in a post on thestreet.com, provides a bit of history associated with Social Security’s often misunderstood lump-sum benefit provision. Her post explains the 6-month lump-sum payout available to claimants electing to start their benefits at (or…
A Political Assessment of Social Security Reform’s Headwinds
It’s been a long time coming, and now we’re within a decade of the catastrophe known as Social Security insolvency. And just to head the rumor off fast, that doesn’t mean bankruptcy for one of America’s most successful social programs…
Taking a Look at Secure 2.0 and what the Provisions Mean to Some Seniors
The Secure 2.0 package signed into law kast December has several key provisions intended to aid seniors in the management of their retirement finances. One of the basic features is a delay, for those turning 72 this year, of the…
Georgia Congressman Rips into Labor Department ESG investment rule
Rep Rick Allen (R-GA), co-signer on H.J.Res.30 introduced February 7, 2023 by Rep. Andy Barr (R-KY), spoke on the House Floor against the Biden Administration Labor Department rule regarding ESG investment in long-term investment funds. Citing the Administration’s emphasis on…
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…
Health care in retirement can come with a hefty price tag
Employee Benefit Research Institute found in their latest study compared health care costs in retirement between having a Medicare with a Medigap policy or a Medicare Advantage plan and found that you would pay more during the course of their…
Longevity Literacy to improve your retirement
There are no guarantees in life, and many pre-retirees worry about what could go sideways after they retire. One of the greatest retirement fears is outliving your savings and/or investments. Surya Kolluri, head of the TIAA Institute, said, “If you…
Be sure to do this before you start Social Security benefits
Deciding when to begin your Social Security benefits should not be made in a vacuum, especially if you are married. Different claiming strategies will maximize your combined income. Christy Bieber advises if you are thinking about filing for your Social…