Social Security
Working After Filing for Benefits–Some Important Things to Know
Based on the many workforce reports continually surfacing, it’s no surprise that the number of Americans rejoining–or staying in–the labor force after drawing their earned Social Security benefits is increasing. In fact, as noted in a Kiplinger.com post by David…
You Cannot Live on Social Security Alone
The disparity is huge – the maximum Social Security benefit for 2024 is $4,873, while the minimum 2024 SS benefit is a mere $50.90. And it sure would be a lot easier to live on the higher amount than the…
Overpayments: A Continuing Social Security Controversy
It has been widely reported that Social Security is trying to recover billions in overpaid benefits. Indeed Congressional hearings have been held with Congress drilling Social Security on the processed being used and, especially, the reasons that some benefits are…
When Should You Claim Social Security?
Ahh, the age old question, and the one most frequently asked of the AMAC Foundation’s Social Security Advisory Service – “When should I claim my Social Security?” This Bankrate article by James Royal, Ph.D., explores that question in depth, revealing…
Social Security: The power of delaying
In simplistic terms, the earlier you claim Social Security the smaller your benefit will be; the longer you wait to claim the higher your monthly payment. Reduced SS retirement benefits can be claimed as early as age 62, and your…
Social Security: How Much Will You Get?
Social Security is, inarguably, America’s most important retirement program. You work your whole lifetime contributing to the program, in return for a guaranteed income when your working days are over. And your SS retirement benefit lasts for the rest of…
Hope for the Best; Plan for the Worst
According to a recent survey, 41% of older Americans believe that Social Security won’t exist in its current form for their entire retirement. Probably not an unusual statistic, considering the media attention lately given to Social Security looming financial issue.…
About Fixing Social Security’s Finances
More and more organizations are sounding the alarm – an alarm that the Association of Mature American Citizens (AMAC) has been sounding for years – that Congress must act soon to fix Social Security’s looming financial issues. This InvestmentNews article…
A Complex Problem: Social Security Solvency
For over 8 decades, Social Security has been paying earned benefits on time, providing a crucial source of income for eligible Americans. A Social Security payment has never been missed since monthly payments began in 1940, and a payment has…
About SS Disability and Returning to Work
Social Security Disability Insurance (SSDI) is a lifeline extended to American workers who become disabled and, thus, are unable to earn at their chosen profession. Criteria for SSDI eligibility are strict, including that the disability must be near total and…