Social Security benefits
States That Tax Social Security Benefits: 2 Down, 10 To Go.
With Nebraska and Missouri taking action to exempt Social Security benefits from state income tax, the list of states retaining this provision in their tax code is now down to 10. For Nebraska, it took a series of tax law…
Attention First-Year Retirees: Some Mistakes to Avoid
Many folks getting set to move into that coveted life phase called “retirement” have some important–critical, really–steps ahead, most of which could cause financial discomfort down the road. One of these, of course, is the obvious decision on when to…
Social Security and the Debt Crisis: Two Competing Viewpoints
Yesterday, President Joe Biden issued statements assuring Veterans and Social Security benefits recipients that there would be no interruption in the flow of payments. In fact, his definitive assertion on the fear that benefit payments to Vets and the elderly…
Starting Benefits Mid-year but Over the Monthly-Limit
The AMAC Foundation’s Social Security Advisory Service is receiving quite a few inquiries from folks looking to start their benefits early, especially when one spouse loses their employment and the other spouse is a low-earner. The low-earning spouse needs to continue working, and…