savings
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…
Want a Bigger Social Security Payment? Here’s How
In all the years I’ve been working as a certified Social Security Advisor, no one has ever told me that they’re getting too much Social Security. Indeed, quite the opposite is true, as most lament that their monthly SS benefit…
Retirement Planning is an Ongoing Process
Planning for your so-called “golden years” of retirement is often thought of as a one-time event – you get your retirement plan in place and then move on to other things. But that is exactly the wrong approach to adopt,…
Bad News for Social Security Beneficiaries?
This article, though somewhat pessimistic, suggests that Social Security is on a collision course with insolvency in the very near future. And if you regularly read articles published on this website, you are already aware of that dilemma – the…
Retirement Savings: How do you measure up?
For many young people, “retirement savings” is something to think about in the future. But, believe it or not, the future may be closer than you think. Ask anyone in their early sixty’s evaluating if they can retire and how…
Are Social Security Income Taxes Eliminated, or Not?
Well, as we’ve shared in other articles at this website, including our recent Ask Rusty weekly publication, the answer to that is somewhat confusing to explain. Taxes on received Social Security benefits have not, yet have, been effectively eliminated, at…