Headlines
Social Security insolvency is fixable
Not a day goes by that we don’t see some media posts about Social Security going bankrupt. Yes, the Social Security Trust fund is facing an insolvency issue in the coming years; however, it is fixable. One fixable item is…
Medicare’s efforts to root out improper payments, fraud, waste and abuse
The Medicare program covers 68 million people and represents 15 percent of all federal spending. There are 1.4 million healthcare providers and almost a dozen different payment systems; improper payments and fraud have occurred. Despite actions over the years to reduce…
Take steps to avoid a surprise tax bill
“Nothing is certain except death and taxes.” – Benjamin Franklin It is easier to pay your taxes while working; taxes are withheld from each paycheck. However, for retirees, you will pay federal income taxes on your benefits if your combined…
False Alarm: Current Beneficiaries do NOT need to Re-Identify in Person!
A public service announcement from the AMAC Foundation “Yes, you’ll have to verify your identity to keep getting Social Security.” This excerpt from a YouTube post has created a bit of a stir among the more than 70 million current…
A change is coming to how you can receive your Social Security payments
The issuing of paper Social Security checks is being stopped completely by September 30, 2025. Social Security originally stopped paper checks and went to direct deposit as of May 1, 2011, to reduce cost. Since that time if you wanted…
Social Security delays identification verification requirements.
Social Security is delaying the new identification requirements for when you apply for Social Security benefits or Medicare until April 14th, 2025. Disability, Supplemental Security Income (SSI), and Medicare applicants will still be able to verify their identity over the…
Social Security resorts to the old rule of collecting overpayments March 27, 2025.
Social Security recipients currently on a repayment plan which only requires you to pay no more than $10 or 10 percent of your benefit per month, will not be affected by this change. Beginning on Thursday, March 27th, 2025, you…
Planning for beginning your Social Security benefits
When you are ready to start your Social Security benefits you have to plan on a month without a payment. Social Security pays one month behind. For example, if you start your benefits in June, you won’t receive your first…
Healthcare costs in retirement
The cost of healthcare can be challenging at any age; however, in retirement, potential healthcare needs and out-of-pocket costs could narrow your options when it comes time to pay the bills. The Jackson National Life Insurance company released a new…
Fighting Social Security Fraud Surprisingly Controversial
When did efforts to fight fraud become a political “hot potato?” Well, don’t let it ever be said that even the most obvious improvement plan is immune to political criticism, because that seems to be exactly what is happening now.…