Social Security
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,…
If you’re going to rely on Social Security
Social Security provides the majority of income to most older adults. For about half of this group, Social Security provides at least 50 percent of their income. Social Security benefits are much more modest than many people realize. For someone…
CBO latest long-term Social Security projections
The Congressional Budget Office released its latest long-term Social Security projections earlier this week, and the news is not good. The CBO forecasts the Social Security trust fund will be depleted by 2033, resulting in a 23 percent cut in…
One more reason to wait until 70 to take your benefits
You can begin your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you reach your full retirement age. If you delay taking your benefits from your full retirement age up to…
The maximum Social Security benefit
Every year we all hear about the maximum monthly Social Security benefit, but how many seniors receive that benefit? The answer; is very few. So, how does one get the maximum monthly Social Security benefit? Christy Bieber outlines the three…