Social Security
How & Where Does Social Security Fit in Your Retirement Plans?
This question resonates differently depending on one’s proximity to their 60s, and the closer one is to “pulling the plug” on retirement, the more they’re beginning to think seriously about Social Security. But no matter your age, this post by…
Social Security Could Be One of the 5 Costly Mistakes You Could Make
Retirement planning–especially the financial side of the equation–presents many potential pitfalls if you’re not careful. In a post on finance.yahoo.com, reporter Mark Henricks explains how “messing up Social Security” can, for example, lead to problems in the area of survivor…
The Importance of a “Break-Even” Calculation
As we’ve noted repeatedly on this site, the question of when to claim Social Security benefits is one of the most frequent questions received at the AMAC Foundation’s Social Security Advisory Service. Because of its consequences, we take great caution…
More on the Age 62 Filing Question
In an earlier post in today’s “Latest News” lineup, we shared a perspective from a leading Social Security commentator on the thought processes that accompany the question on whether it makes sense to claim benefits at the earliest possible point,…
Another Perspective on the “Claiming At 62” Question
Age 62 remains the most popular age for claiming Social Security retirement benefits, and there are many pros and cons cited either in favor or disfavor of this as a filing strategy. Here at the AMAC Foundation Social Security Advisory…
Attention Veterans: Good Idea to Review Social Security Benefits
If you haven’t reviewed the benefits available to Veterans recently, now might be a good time to check out the SSA website pages dedicated to this topic. The Information for Military & Veterans page at SSA.gov provides a collection of…
Reviewing Social Security’s 2023 Changes
Old news at this point, but worthy of a quick refresher on what the most widely felt changes in the Social Security program for 2023. In a post on wasingtonexaminer.com, Breaking News Reporter Eden Villalovas provides a recap of key…
Survey Points to Concerns Over Social Security’s Future
A survey conducted last month by Allianz Life Insurance Company of North America confirms what many are waking up to: Americans have a diminishing hope for Social Security’s role in their retirment financing plans. No real surprise there, since for…
Ask Rusty – I’m Approaching 65 – Should I Claim Social Security?
Dear Rusty: I am fast approaching 65 (in August) and plan to continue working full time. I would like to know the implications of that, and about drawing Social Security. Same question for my husband who is past his full…
Complications That Married Couples Face When Claiming Benefits
Anyone who’s looked into the process for claiming Social Security benefits knows that it can be deceptively complex. Many uninitiated approach the process with the simplistic view that when you turn 62, you just go and sign up. They quickly…