Headlines
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…
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…