savings
About Social Security Solvency
in this article by Jeffery Snyder appearing at The Street , the author interviews a well known expert on Social Security matters, Andrew G. Biggs. Mr. Biggs is a scholar at the American Enterprise Institute and a former executive with…
How to increase your Social Security payment
Among the many thousands who contact the AMAC Foundation’s Social Security Advisor Service annually, very few have ever said that their monthly Social Security payment is enough. In fact, most seek ways to maximize their monthly benefit payments, either before…
Does Social Security cover 40% of retirement expenses?
As we have explained many times at the AMAC Foundation’s Social Security Advisory Service, Social Security was never meant to provide 100% of retirement income. In fact, it was intentionally designed to replace only about 40% (or less) of each…
Imagine No Social Security
In 1971, the iconic songwriter John Lennon penned the lyrics to his famous song “Imagine,” asking us to picture a world in total peace and harmony. Although it was a call to imagine what life would be like in a…
Can You Live on Social Security Alone?
Social Security benefits were meant to bolster existing retirement savings and pensions — not to make up for a non-existent nest egg.” And that mantra is one that we frequently emphasize here at the AMAC Foundation’s Social Security Advisory Service.…
When are most people claiming Social Security?
When do most Americans claim their Social Security benefit? That’s an interesting question, but the answer should form the basis of when you personally claim your SS benefits, because everyone’s situation is different. Although it might be interesting to know…
Some Retirement Advisors are Wrong!
Considered somewhat of a “guru” on retirement matters, Dave Ramsey is a frequently featured guest on financial programs, and he offers a regular financial podcast and “blog” offering retirement advice to Americans. Though he’s often consulted about retirement options, it…
Congressional Hearing Focuses on Retirement Security
Earlier this week, the Subcommittee on Health, Employment, Labor, and Pensions (a unit of the House Education and the Workforce Committee) held a hearing focused on maximizing the retirement security of American workers. Portions of the testimony focused on the…
Be prepared for these surprises
The expression “the best laid plans of mice and men” could be applied to retirement planning. No matter how prepared one may feel, plans may still fall apart. Although we cannot plan for every surprise life sends our way, there…
How Does your Social Security payment compare?
Ever wonder how your monthly Social Security benefit compares to others? For some of us that may make us feel fortunate, and for other not so much so. Fact is, the monthly benefits each of us receive from SS may…