Headlines
Senior Conundrum: Inflation is Higher Than Upcoming COLA
What is one to do? Yes, the 5.9% cost of living adjustment scheduled to take effect January 1, 2022 is the highest in 40 years for Social Security recipients. But prices are rising faster than that. Kelsey Ramirez analyzes different inflation data,…
Simplify Retirement Planning with Social Security’s New Statement Changes
The Social Security benefit statements that people can access on-line are about to become more helpful and informative. Kelsey Ramirez explains the changes announced by the Social Security Administration in October. A few changes to the redesigned Social Security Statement are these: Ability to…
Another Chilling Look at the Future of Social Security
The solvency problem facing our Social Security System is a generally acknowledged fact, as supported by the program’s Trustees in their most recent Annual Report to Congress. Actually, if you go back in history, you’ll see that the problem has…
Proclamation on Veterans Day, 2021
Many of our readers are aware that AMAC and the AMAC Foundation hold support of the Veteran Community to be a revered priority. Indeed, over the years both entities have actively promoted many causes relating to those who have served…
Social Security Outlines Veterans Statistics
In preparation for the upcoming Veterans Day Holiday, the Social Security Administration (SSA) yesterday published a recap of the program’s service to the Veteran community. SSA notes that the Veteran population encompasses more than 8.5 million beneficiaries, or about 15.4% of all adult…
Social Security’s Ongoing Solvency Discussion: CRS Weighs In
The long-term solvency problem facing Social Security is getting renewed attention now, with the re-introduction of the “Social Security 2100: A Sacred Trust” (H.R. 5723/S. 3071) bill two weeks ago. Shortly after this bill was dropped in the 117th Congress, the Congressional…
Drawing Social Security Benefits at 62: Now A Declining Trend
Many financial advisors for years have been advising clients to hold off on filing for Social Security benefits until their full retirement age or, if they can, until age 70, when the delayed retirement credits stop adding to the payout.…
Working While on Social Security Disability
Social Security Disability Insurance (SSDI) is a benefit earned from working, available to those who temporarily or permanently become unable to do so. Currently, over 8 million disabled American workers count on SSDI for financial help to partially offset their loss of employment…
Beware of Open Enrollment Scams!
This very informative Better Business Bureau article, appearing at Massachusetts’s The Berkshire Edge, discusses how scammers are very active during the so-called “Open Enrollment Period” which started on October 15th for Medicare beneficiaries and on November 1st for those using Healthcare.gov. Unfortunately,…
Navigating Medicare’s “Open Enrollment” Period
As just about everyone has noticed – from the plethora of TV ads and unsolicited phone calls – we are now in the annual “Medicare Open Enrollment” period which started on October 15th and will end on December 7th. Until…