retirement
Medicare and a Health Savings Account
Now that you are on Medicare, or getting ready to go on Medicare, you may not be able to contribute to your Health Savings Account (HSA) any longer, but you can still use it to pay for qualifying medical expenses.…
2026 Retirement Rule Change for 401(k) Catch Up Contributions
A popular retirement tax break for catch-up contributions ends in 2026 for higher-income earners. A provision in the 2022 Secure 2.0 Act no longer allows high earners making $145,000 or more to put their catch-up contributions into a traditional 401(k)…
Retirement Can Come with Unexpected Costs
Unexpected expenses catch many Americans by surprise in retirement. One of the largest of these is the cost of Medicare Part B. The current cost of Medicare Part B for 2025 is $185, but is expected to increase to $206.50…
Retirement Doesn’t Always Mean You Have to Start Your Social Security Benefits Early
If you are in a position to retire early and don’t need to start your Social Security benefits at that time, congratulations! If you find yourself in a position where your early retirement wasn’t your choice, there are options you…
Which is better? A Roth IRA or a regular IRA?
The two key differences between a Roth IRA and a regular IRA are that you pay taxes on your contributions to a Roth, and with a regular IRA, you pay taxes on your withdrawals. When you file your tax return,…
The Family Max Does Not Affect a Married Couple’s Social Security Benefits
Social Security sets a limit, known as the “family maximum,” on total benefits a family can receive. This limit does not affect a couple’s benefits unless one spouse qualifies for a spousal benefit. Both high-earning spouses can each receive the…
Working and Social Security
One of the most common questions we get asked as a Social Security Advisor at the AMAC Foundation is, “If I take my benefits before my full retirement age (FRA), how much can I earn?” When you start your benefits…
Thoughts on Delaying Social Security Benefits
Most folks know that age 62 is the point at which Social Security benefits can be claimed. Most folks also know that exercising this option represents a reduction in the monthly amount they could receive by waiting until their full…
The Connection Between Job Changes and Retirement Risk
Changing employment is relatively common these days, with the Bureau of Labor Statistics reporting that most people have held a dozen or more jobs during their time in the workforce. Gone are the days of a lifetime of employment at…
The Role of Life Expectancy in Retirement Decisions
October is National Retirement Security Month and, thus, a good time to focus on an important question – When should I take my Social Security benefits? While there are several factors to consider when making that decision, don’t overlook the role of…