Social Security
Social Security insolvency is fixable
Not a day goes by that we don’t see some media posts about Social Security going bankrupt. Yes, the Social Security Trust fund is facing an insolvency issue in the coming years; however, it is fixable. One fixable item is…
How to calculate your full retirement age
You can start your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits only when you reach your full retirement age. So, how do you find out what your full retirement age is?…
Why the new identity verification requirements matter
The Social Security Administration, On April 14th, will adopt new identity verification requirements for those individuals applying for retirement, survivor benefits, spousal benefits, and those who want to change their direct deposit information. If you cannot prove your identity online…
My Social Security account portal went down temporarily.
If you tried to sign into your Social Security account on Monday but could not do so, don’t be alarmed. The portal went down temporarily. “The website itself remained operational during the incidents, but some people may have experienced a…
When your benefits are really just bonus money
You can begin your Social Security retirement benefits as early as age 62. However, if you start receiving benefits early, they are permanently reduced. What if you are not reliant on Social Security to pay for basic retirement expenses, and…
Social Security changes coming in April
Well, 2025 is proving to be a strange and stressful year for the Social Security Administration. Millions of Americans will see their Social Security checks, and some will receive one for the first time, an increase shortly due to the…
Ask Rusty – When is the best time for me to claim Social Security?
Dear Rusty: I will be 66 ½ in June and would like to discuss when would be the best time for me to start taking my social security benefits. I am still employed full time and don’t want to be…
Take steps to avoid a surprise tax bill
“Nothing is certain except death and taxes.” - Benjamin Franklin It is easier to pay your taxes while working; taxes are withheld from each paycheck. However, for retirees, you will pay federal income taxes on your benefits if your combined…
False Alarm: Current Beneficiaries do NOT need to Re-Identify in Person!
A public service announcement from the AMAC Foundation “Yes, you’ll have to verify your identity to keep getting Social Security.” This excerpt from a YouTube post has created a bit of a stir among the more than 70 million current…
April Social Security Payments are coming out soon
April Social Security Payments are coming out soon Your regular Social Security payments come each month on Wednesday based on the date of your birthday. April 1 st thru April 10 th – 2 nd Wednesday, 9th April 11 th…