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How the “Hold Harmless” Provision Protects Your SS benefit

The “hold harmless” provision is a special consideration given to Social Security recipients which prevents their Social Security payment from going down as a result of an increase in the standard monthly Medicare premium. This special provision essentially rules that even if…

Social Security Disability Insurance, and Private Disability Insurance: A Primer

It’s a reality of life that about 1 in every 4 American workers will, at some point in their life, become disabled. As frightening as that may sound, disability insurance will greatly help to sustaining disabled workers in their time of…

Happy Thanksgiving From the AMAC Foundation!

“Perhaps no custom reveals our character as a Nation so clearly as our celebration of Thanksgiving Day. Rooted deeply in our Judeo-Christian heritage, the practice of offering thanksgiving underscores our unshakable belief in God as the foundation of our Nation…

Make financial decisions based on facts, not fear or misinformation

There is one big decision you’ll make that will affect your retirement: When you start taking Social Security benefits. For some elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social…

HSAs and holistic financial wellness

An average retired couple age 65 in 2020 may need approximately $295,000 saved (after tax) to cover health care expenses in retirement according to the Fidelity Retiree Health Care Cost Estimate. You may want to consider a Health Savings Account…

How is Social Security funded? Is the program in trouble?

According to a 2015 Gallup poll, many Americans don’t believe they will receive their full promised Social Security retirement income benefits. With complexity and confusion that surrounds financing of the trust fund, it makes it difficult for individuals to understand…

The Social Security Solvency Dilemma in Numerical Perspective

As we’ve pointed out in several headline posts on this site over the past few weeks, the 117th Congress will hopefully set a high priority on addressing Social Security’s impending solvency problem. After all, while it’s not a new issue,…

Elder Index Helps Highlight Importance of Social Security Solvency

The issue of Social Security’s steadily vanishing trust fund reserves is well known in Washington and sets the stage for serious discussion when the 117th Congress convenes in January. And it’s a matter of considerable urgency, since while the “official” projection…

Examining the Biden Platform’s Social Security Tax Plan

As we’ve been saying for some time on this website, Social Security reform is likely to take on a new level of priority when the 117th Congress opens up for business in January. And the Joe Biden campaign platform included a…

Biden Administration Spending Plan Has One Common Denominator: Social Security

Writing on thehill.com, Douglas Carr, a financial markets and macroeconomics researcher with experience as a think tank fellow, professor, executive and investment banker, takes a look at what could constitute a spending wish list for president-elect Joe Biden, suggesting that there…

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