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Your Social Security Statement and How to Use it
Our posts on this site have regularly cited the importance of periodically verifying the information that the Social Security Administration (SSA) records contain on your earnings history, and we’ve offered pathways to creating your personal “my Social Security Account” as…
Social Security Insolvency in a Nutshell. Well, Amost.
The point of full Social Security trust fund depletion is rapidly coming into view, a prospect magnified by the Old-Age and Survivors Insurance Trust Fund’s reserves dropping by $200 billion in 2025 alone. People are starting to notice, perhaps even…
EBRI Retirement Confidence Survey Spotlights Delining Retirement Confidence
Inflation and Social Security’s unstable financial trajectory emerged as key indicators of declining retirement confidence among U.S. workers and retirees, according to the Employee Benefit Research Institute’s (EBRI) 36th Annual Retirement Confidence Survey. The report’s “Key Findings” section opens with…
Social Security and Federal Debt…a Lingering Argument
The general question of Social Security’s role in our growing national debt continues to pop up in various media circles. Many experts suggest that the borrowing necessary to cover the difference between the program’s incoming revenue and the total cost…
Do you have a “decumulation” plan?
While many future retirees have an accumulation plan for growing their retirement nest egg, far too many don’t have a “decumulation” plan – a plan for how to use that accumulated nest egg after reaching your golden years. This article…
The Proposed Commission to Reform Social Security
Earlier this week in this AMAC Foundation SocialSecurityReport.org forum, we reported on proposed legislation to create a new special commission to explore and evaluate options, reach bipartisan consensus, and propose legislative changes to the Social Security program to restore it…
Looking in on Elder Friends and Family
For many old adults, staying connected with friends and family is extremely important, and even small acts of kindness and care can greatly enrich a senior person’s life. Whether it is simply checking in on them periodically, assisting them with…
Experts Disagree on Social Security Insolvency Date
On the heels of the official annual report from the Trustees of Social Security, another budget modeling organization did a separate analysis on the program’s financial health. That new analysis suggests that rather than the SS Trust Funds running dry…
Appealing the Medicare “IRMAA” Surcharge
In this interesting article, a newly retired senior found that her Medicare premiums for the forthcoming year will be based upon her (and her husband’s) income while they were still working. That’s because Medicare premiums are determined each year from…
Medicare Is Not Going Away, but Healthcare Costs Are Definitely Rising!
Those of you on Medicare, who watched as your monthly premium for Part B (outpatient medical services) went from $164.90 per month in 2023 to $202.90 per month in 2026, are acutely aware of the rising cost of American healthcare.…