savings
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…
Where does Social Security fit in your retirement plan?
If you’ve worked over your lifetime, you can likely expect to receive Social Security benefits when you eventually retire. And that is surely a good thing. Indeed, about 94% of those who now collect Social Security say that it is…
Advisory: If you take Social Security and are delinquent on your Student Loan
Consider this a “heads up” advisory! Starting “sometime this summer” the federal government may start garnishing some Social Security payments for beneficiaries who are delinquent on their student loans. While it may seem inconsistent that someone receiving Social Security still…