savings
Is Social Security Going “Broke?”
Despite the assertion in this article’s headline that “SSA Going Broke in 7 Years,” the reality is that no such fate awaits you if you are collecting SS benefits. In other words, you aren’t in danger of your Social Security…
Ask Rusty – If Either of us Die, Will the other Get a Survivor Benefit from Social Security?
Dear Rusty: I am 79. My husband is also 79 and we both receive Social Security benefits. We were both married before, and we married each other at the age of 58. Am I to understand correctly that when either of us dies, the surviving spouse is not…
If only I had Waited Longer to Claim SS
“Hindsight is the best Foresight” As the old adage goes, “hindsight is the best foresight” and nowhere is that more evident than with some we counsel at the AMAC Foundation’s Social Security Advisory Service. We regularly speak with older seniors…
Even millionaires fear this in retirement
Many retirees fear that they will outlive their retirement savings and investments. Even millionaires fear that they could possibly outline their savings according to the recent Northwestern Mutual Planning and Progress study. Shelby Fishman, writing for MarketWatch, reports on how…
Pictures may be the best way to explain retirement planning
When we hear experts saying, “Americans are not saving enough for retirement,” some people feel overwhelmed by the message. They feel it’s too complicated for them and do not start planning or are not fully invested in retirement planning, but…
Saving “just a little more” before leaving work permanently.
To retire comfortably, many Americans believe they need over $1 million in savings. What if you had $2 million? Would you retire immediately, or is the fear of running out of money holding you back? Vishesh Raisinghani, writing for Yahoo!…
Blind spots for new retirees to avoid
So, you pull the trigger and announce your retirement; congratulations! Before you begin this new phase of your life, it’s essential to be aware of some potential problems, or what I would call blind spots, for new retirees to avoid.…
A Perspective on Taxation of Social Security
“How can I avoid having my Social Security benefits taxed?” That is a question we are regularly asked here at the AMAC Foundation’s Social Security Advisory Service. And the unfortunate answer for many who ask is that “you cannot!” As the old…
More about Social Security’s financial future
Unless you pay little or no attention to the news these days, you are already aware that Social Security is facing a financial issue in only about 6 years (2033). We’ve chronicled that fact fairly often at this website. Continuing…
Retirement Advice deemed “The Best”
We always look carefully whenever someone claims to have “the best” advice for anything, but this Kiplinger article provides an excellent synopsis of the things you should be looking at for “retirement planning.” From evaluating your life expectancy, to investment…