retirement
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…
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…
The Amount of Available Savings Will Influence Your Claiming Decision…Here’s How
For many, it’s one of the most gut-wrenching decisions that needs to be made: When to claim Social Security benefits? And one of the main factors that influence one’s final decision on this issue is, logically, the amount of savings…
The Importance of HSAs in Retirement Savings Plans
Traditionally, most folks these days look to deferred compensation plans–IRAs and 401ks–as a primary source of wealth accumulation for retirement. This is especially relevant to the company-sponsored 401 k plans that offer an employer match. While all of this is…
The perks of having a HSA in retirement
A health savings account (HSA) is a tax-advantaged medical savings account available to employees enrolled in a high-deductible health plan. HSA funds roll over and accumulate year to year. Robin Hartill writes about how you can use your health savings…