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Modernizing Social Security Now will Safeguard it for Present and Future Retirees
There’s a lot of ranting about recent changes to Social Security. Some fail to realize that leaving it alone to continue on as is will be devastating to millions as the trust fund runs dry in the mid 2030’s. Working…
What Affect will Tariffs have on Next Year’s COLA?
The Cost of Living Adjustment (COLA) is a measure of third quarter inflation from one year to the next. With tariffs in play inflation could be increased or decreased. Which way will it swing? Sean Williams for The Motley Fool…
Switching Social Security payments to Direct Deposit: Paper checks have disadvantages
Susan Tompor for Detroit Free Press warns about listening to advice on Facebook regarding handling your Social Security payments. As of September 30th having some type of electronic deposit, bank account or bankcard, will be required. There are safety factors…
“Original Medicare” vs. Medicare Advantage – A national picture
In this interesting article, a study found that most seniors living in rural areas tend to rely on the federal government’s “traditional Medicare – Part A and Part B” to provide their healthcare insurance, versus opting for enrollment in private…
An Idea to Save Social Security Money
In this piece by a prominent Social Security disability executive, an opinion is offered for how to save about $400 billion of Social Security’s money. The opinion offered describes the Social Security disability program known as “SSDI” (Social Security Disability…
When is Medicare Part A free?
For most seniors, the FICA payroll tax they pay when working includes an amount for Medicare’s “Part A” – which is Medicare coverage for inpatient hospitalization services. Those payroll contributions, made for at least 10 years of working, result in…
When Is the Right Time to Retire?
Ah, retirement! That wonderful time of life that we dream about all during our working years, but which also presents a dilemma as we approach the end of our working career. When is the right time to retire? Do we…
Don’t Lose your Social Security Disability Income (SSDI)
Getting approved for Social Security Disability Income (SSDI) can sometimes be an arduous task. About 2/3rd of all SSDI applications are initially denied, which may mean an appeal process must be used. Then, even if approved, there is a 5…
About Claiming Social Security Early
One of the most frequently asked questions at our AMAC Foundation Social Security Advisory Service is “when is the best time to claim Social Security?” Our answer, of course, is “It depends.” It depends on your financial need, your health…
The cumulative effect of long-term HSA ownership
Funded health savings accounts, meaning the account has a balance greater than $0, have an average balance of $2,415. However, according to Devenir, an investment solutions provider, those HSAs opened before 2024 have benefited from long-term HSA ownership. The average…