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Happy New Year!
The staff at AMAC Foundation and the Social Security Report editorial team wish you and your family the best of health, happiness, and prosperity in the New Year! We’re all looking forward to an exciting and productive 2017! New Year’s Day…
Quiz Time – See How Much You Know About Social Security
There are many myths in the air about Social Security, along with many misunderstandings of the rules governing the program that provides more than half of the monthly income for 61% of America’s retirees. Whether your’re already among the beneficiaries, or whether…
Testing Your Retirement Readiness
The most prevalent question many people aging into their retirement years tend to have is the very simplistic, “Can I afford it?” Answering that question requires examination of some basic, personal questions ranging from how much income do I need, to where will…
Getting set to retire? Here are some things to think about.
OK, you’ve reached the point where your retirement is eminent. Before you take the plunge, though, there are a few key preparatory steps you should consider…steps that could go a long way to strengthen your financial position in the years…
The 2017 Social Security COLA…Making Sense of the Bottom Line
The three-tenths of a percent increase in Social Security benefits didn’t create much in the way of joy among America’s seniors, and when factoring in Medicare premium changes, even less so. In an article titled “Reality Check: Did Social Security really…
CBO’s 2016 Long-Term Projections for Social Security: Additional Information
Just before the Christmas Holiday break, the Congressional Budget Office issued updated projections for the Social Security Trust Fund balances. Here’s an excerpt from their announcement: Under current law, CBO projects, Social Security’s trust funds, considered together, will be exhausted…
Some Commonly-held Misunderstandings About Social Security
Despite its widespread popularity and the fact that Social Security impacts more than 66 million beneficiaries each month, there are still some fundamental aspects of the program that aren’t clearly understood by many. The program’s overall short-term solvency is one…
Christmas Greetings from the AMAC Foundation
On behalf of the AMAC Foundation and it’s constituency, the Social Security Report’s editorial staff extends to all of its readers a sincere wish for peace, comfort, and joy during this Holiday Season. And in keeping with the spirit of…
Why Social Security recipients are losing their purchasing power
It’s certainly no secret to seniors who rely on Social Security that their purchasing power is declining fast, and a meager 0.3% COLA increase which was consumed by rising Medicare premiums did nothing to help. In fact, rising medical costs have…
The 5 year pre-retirement reality check
If retirement is somewhere on your horizon, chances are you’ve already done some level of planning and evaluation of your personal readiness to leave your career behind and ease into a comfortable life of stress-free leisure. This US News article…