savings
Should you have an emergency fund in retirement?
We have all heard from financial experts that we need an emergency fund equal to at least six months of our working salary, but what if you are retired? Life happens, things break, people get sick, and you find yourself…
Retirement planning mistakes to avoid
The fear of running out of money or being unable to afford necessary expenses in retirement can be overwhelming. If you have retirement anxiety, several coping mechanisms can help you not to feel so overwhelmed. The first and most important…
Are you five years out from retirement?
How close are you to retirement? Are you planning to retire in the next five years? If so, you still have time to finalize your retirement plans. You may need to assess your financial situation, create a retirement budget, and,…
Thoughts on Retirement Planning: Savings Outlook for 2025’s 2nd Half
To say it’s been a bumpy road so far this year would be somewhat of an understatement, with the rate structures for savings instruments remaining a bit higher than anticipated, 401(k) and IRA account balances ending the first quarter in…
Retirement Savings Improving for many Americans
;After many years of caution from financial experts that most Americans do not save enough for their future retirement, there appears some good news from one of the nation’s top financial firms: that many are taking full advantage of their…
How Much Income Will you Need When you Retire?
If retirement is on your horizon, say within the next 5 or 10 years, you may wonder how much income you will need to live comfortably during your so-called “golden years.” And that is an excellent question to be seeking…
Social Security: Knowledge is key!
Here at the AMAC Foundation’s Social Security Advisory Service, we routinely answer questions from those about to retire and claim Social Security and, as a non-profit entity, we do so for free. Our advice is based upon both formal education…
Do You Have a Backup Plan?
If you watch this website with any regularity, you are aware that Social Security, which is an important source of income for so many American seniors, will be facing financial difficulties in less than a decade. We frequently post various…
Free to those on Social Security!
Free is good, right? And despite the old adage that “there’s no such thing as a free lunch,” there actually is – if you know how to get it. For many seniors, discounts – up to free – are available…
Will Social Security Disappear?
Well, no – it will not. But there is the problem that Social Security’s annual cost is more than the income it receives from working Americans, and income taxes on SS benefits, and interest from reserves held in the Social…