seniors
Discussing Social Security’s Financial Issues
There is much discussion these days about Social Security: Is it “going broke?” Are my future benefits at risk? Will there be a benefit cut soon? If so, when? All of these are valid questions which every senior should stay…
Claiming SS at 62 vs. Waiting Longer
Age 62 is the most popular age at which to claim Social Security benefits but, as explained in this article at The Globe and Mail, claiming at age 62 also means getting a much smaller benefit for the rest of…
What is the True American Retirement Age?
What do most people think of as America’s “retirement age?” Many think that it is age 62, because that is when you can first claim Social Security benefits. Others consider 65 to be the official “retirement age,” for two reasons…
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…
Buried in credit card debt on Social Security?
With prices going up, many seniors are relying on credit cards just to get by, and high interest rates only make it harder to keep up with payments. Angelica Leicht recently wrote an article with tips on how to talk…
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…
Retirement on your own terms
The 2026 State of Retirement Planning Study by Fidelity Investments found that over 70 percent of participants are expecting to retire on their own terms in the future. A large number of the participants expect to transition into retirement instead…
The offset to COLA increases
Nearly 22 million seniors get by on Social Security alone. This makes the annual Social Security cost-of-living adjustment (COLA) a mechanism to ensure that Social Security benefits maintain their purchasing power in the face of inflation. The COLA for 2026…