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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.…
Your Retirement “Nest Egg” and the Impact of Home Ownership
At one time, having $1 million dollars in your retirement “nest egg” was consider almost a necessity to achieve a comfortable life in your golden years. No question that would be a good goal, but as time has marched on,…
A Ray of Hope for SS Reform???
Just recently, the so-called “Bipartisan Social Security Commission Act of 2026 (H.R. 9187)” was introduced on the House Floor by Republican Congressman Tom Cole (OK-04) and Democratic Congressman Tom Suozzi (D-Long Island/Queens). Coincidentally, House Speaker Mike Johnson yesterday called on his…
Choosing Medicare Coverage? Look beyond the monthly premium
With about 10,000 people each day turning age 65, most are faced with a very consequential decision about their healthcare coverage. The choices are: to enroll in either “traditional Medicare” (with a supplement plan to cover medical costs Medicare doesn’t);…
How does your net worth compare to others?
Net worth, retirement savings and debt look very different once retirement begins. Turns out, though, that American’s in the age 65 to 74 age bracket are doing quite well compared to those in other age groups. for example, those in…