Social Security
What Secure 2.0 Could Mean for Your Retirement Planning
The much-discussed $1.7 trillion spending bill signed into law in December, contained a lot of items subject to ongoing scrutiny but, for those deep into retirement financial planning, the Secure 2.0 provisions embedded in the details should be studied carefully.…
Questions About Social Security?
As always, the new year brings a spate of questions about Social Security, usually in terms of new limits going into effect. This year, of course, there’s a fair amount of interest in knowing how much of the 8.7% cost-of-living…
CBS/YouGov Poll: Fixing Social Security Makes the High Priority List for 118th Congress
A nationally representative poll conducted last week by YouGov for CBS News posed the question of what should be the high priorities for the incoming Congress, and the top three responses were not a surprise: lowering inflation, protecting Social Security…
Ask Rusty – Will My Work Earnings Affect My Social Security Benefits?
Dear Rusty: I am presently 67 years of age and am still working full time. I am receiving Medicare coverage, but I have not yet applied for monthly Social Security payments. I have been told that I can take SS…
Considering early filing? Here are some analyses that will show you the advantage of not doing this.
One of the persistent questions we receive here at the AMAC Foundation Social Security Advisory Service is “when should I claim my benefits.” And, as we typically say in response, “it depends.” It actually depends on many factors, one of…
Taxation of Social Security Benefits: A Stealth Tax Increase
A series of inflation-driven cost-of-living adjustments can be both a positive and a negative for retirees, as many will find out when filing their federal income tax returns in future years. This is simply because the thresholds for federal income…
Understanding Social Security’s COLA: It’s not as straightforward as many think
What’s so hard about figuring out what your January Social Security payment will be? Don’t you just multiply your December amount by 8.7%? Well, as AOL contributor Vance Cariaga points out in a post on aol.com, it’s not that simple.…
Underscoring the Importance of Immigrants Becoming Lawfully Eligible for Social Security
The topic of immigration is very much in the news these days, generating an extensive amount of commentary on the impact of unlawful immigration on the fate of Social Security. Several weeks ago, in a post on this website, we…
Ask Rusty – Should I Claim Social Security Now?
Dear Rusty: I am 68 years old, born in July 1954. I have the credits necessary to qualify for benefits. The Social Security website says that if I continue to work to age 70 with yearly earnings of $206,000, my…
Social Security Benefits can Evolve Along With Your Life Situations
Planning for future participation in Social Security is an evolving situation. As you reach–and pass–certain milestones in life, the availability of benefits under this massive senior benefit program can likewise evolve. As discussed in an AOL.com post by Vance Cariaga,…