Headlines
Biden’s plan to boost Social Security & Medicare already wobbly
This informative, comprehensive article by Paul Brandus of MarketWatch starts out noting Joe Biden did not have the coattails he thought he would. Democrats lost seats in the House and will likely be in the minority in the Senate. Add to the mix…
What will one’s NET Social Security increase be in 2021?
Medicare and Social Security are so intertwined that a common question we here at The AMAC Foundation get is this: “what will my net Social Security increase be?” That is, people seek to know how their monthly check will increase after…
SS Recipients Losing Buying Power
In this Kearny (NE) Hub article, contributor Maurie Backman discusses the issue of seniors on Social Security losing buying power, largely because Social Security Cost of Living Adjustments (COLAs) don’t keep pace with rising healthcare costs. Statistically, COLA increases have…
Possible Future Changes to Social Security
It has been quite widely reported that Social Security is facing some financial issues in the future, largely because the ratio of workers paying into the system is shrinking, while an ever-growing average life expectancy means that SS recipients are collecting…
Social Security: Continuing to “Kick the Can Down the Road”
In this opinion piece by syndicated columnist Sid Salter appearing in The Daily Leader (MS), the author laments how this year’s election rhetoric was strangely void of substantive plans to resolve the financial woes facing both Social Security and Medicare.…
Coming Back to Life After Incorrectly Declared Dead by Social Security
According to the Social Security Administration, they process nearly 3 million death reports per year, and less than 1% of those require any adjustment once recorded. But that’s small consolation for anyone who has been erroneously reported as “deceased” by…
Fundamentals for When to Claim Social Security
Deciding when to claim your Social Security benefit is often perplexing and frustrating. There are many different rules which apply, and several different scenarios which should be considered by most individuals, and the options are even greater for married couples. In this…
When your values are clear, your retirement decisions are easy
Retirement planning is changing. With people living longer and thriving well into their 80’s and even 90’s, retirement is taking on a whole new meaning. For some, looking to transition into the retirement phase of life, their biggest concern is…
Helping workers save $25 a week would boost retirement savings and state’s fiscal position
Usually, retirement income is generated from a variety of sources: Social Security, personal savings, and employer-sponsored savings plans, this ensures workers a sound financial future. However, for many Americans, they are missing part(s) of these retirement income sources. More than…
The Securing a Strong Retirement Act
The Ways and Means Committee Chairman Richard E. Neal (D-MA) and Ranking Member Kevin Brady (R-TX) introduced the Securing a Strong Retirement Act of 2020, bipartisan legislation to help a greater number of Americans successfully save retirement. The Securing a…