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A Widow’s Social Security Journey
The aftermath of losing a spouse is difficult and can be compounded by the stress of dealing with the Social Security Administration when they learn of your spouse’s death. And Social Security does find out – if not from a…
The difference between Social Security myths and reality
Social Security myths, such as the looming bankruptcy of the program, a full retirement age of 65, or benefits based solely on your last five years of earnings, persist and can cost you money. Dana George, writing for The Motley…
Could we see a “two-tier” Medicare program?
Did you know that there are roughly 67 million Medicare patients, and 54 percent of them are in a Medicare Advantage plan? Medicare patients make up a large part of many physicians’ practices; however, physicians treating Medicare patients are seeing…
Americans feel strongly about Social Security
Americans feel strongly about Social Security and are worried about its future, according to two recent surveys. The first, commissioned by the Bipartisan Policy Center’s American Savings Education Council (ASEC) and conducted by Public First, found that “93 percent of…
What will Millennials’ retirement look like?
We all have dreams of what our retirement will look like. I know I do. Will yours be traveling the world, improving your golf or pickleball game, or just spending more time with your loved ones? Whatever it is, each…
You mistakenly filed early for Social Security
You realized that claiming your Social Security benefits before your full retirement age was a mistake. But you do have options to correct that mistake, so let’s look at your options. Withdrawing your application You can withdraw your application within…
Proclamation: 90TH ANNIVERSARY OF THE SOCIAL SECURITY ACT
By the President of the United States of America A Proclamation On August 14, 1935, President Franklin D. Roosevelt signed into law the Social Security Act — a monumental legislative achievement that protects our seniors, uplifts our citizens, and sustains…
Social Security at 90…What’s the Future Look Like?
Social Security’s 90th birthday gives us pause to reflect on its legacy as one of the most successful social benefits programs of our time. Signed into law on August 14, 1935, the program now provides financial support to nearly 75…
The “No Tax on Social Security” Pledge Re-Visited
It’s been over a month since the “One Big Beautiful Bill Act” was signed into law, and the full weight of this potentially temporary tax break for seniors is settling in. As most know, President Trump’s campaign pledge to end…
Understanding Social Security’s Lump-Sum Death Benefit.
One of the misunderstandings we encounter at the AMAC Foundation Social Security Advisory Service is the belief that Social Security pays a lump sum benefit to family members in the event of a beneficiary’s death. This is partially true, depending…