Headlines
Is the Social Security Administration preparing to bar 500,000 Americans from getting benefits?
David A. Weaver, Ph.D., is an economist and retired federal employee who has authored a number of studies on Social Security. Writing in The Hill, Weaver speaks out against a Social Security Administration (SSA) proposed rule change that would make it…
Medicare Premium Deductions and Social Security Benefits Explained
Medicare and Social Security are separate and distinct federal programs, each with a dedicated revenue stream from different parts of a combined 15.3% payroll tax levied on workers and employers. But Medicare recipients also pay premiums. This very comprehensive piece by Healthline.com…
Got A Gripe About Social Security? Read This
Ever the entertaining writer, retired Social Security employee and current columnist Tom Margenau has some thoughts about those who gripe about Social Security being incompetent and deceptive. Often, something done by Social Security which appears stupid to a beneficiary, is done intentionally…
Enrolling in Medicare Part B When Your Employer Coverage Ends
Medicare Part B, which is insurance coverage for doctors and other outpatient services, can be deferred past age 65 if you have other “creditable” healthcare coverage – for example from your employer. Having “creditable” alternative coverage after age 65 is what prevents…
Social Security’s Investments – How long will they last?
The number of Social Security beneficiaries continues to grow each year, outpacing the rate at which new workers are entering the American workforce. And since payroll taxes from American workers are Social Security’s primary source of revenue, the program’s payroll tax revenue has…
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…