Latest News
About Your Online Social Security Account
Our electronic world is changing, and has been for decades. For many in our younger generation, life without computers, smart phones, tablets, and online services for shopping and banking, not doing almost everything online is unimaginable. But for those of…
Social Security’s Trust Fund & Solvency
With all of the political rhetoric flying around Social Security these days – accusations, denials, suggestions, counter-proposals, etc. – the true picture of Social Security’s looming financial issues can get cloudy. The simple facts are that Social Security now pays…
Optimizing Your Social Security Benefits
Here at the AMAC Foundation’s Social Security Advisory Service we are sometimes asked “how can I maximize my Social Security benefits?” Well, the answer to that question is simple – just wait until age 70 when your benefit reaches maximum…
Understanding Medicare Basics
Medicare has been around for a long time – since 1965 actually, but it has also undergone changes since that time. Medicare is a fairly complex program with different “Parts” covering different types of medical services and, then, not all…
Are Social Security Disability Benefits Taxable?
As we navigate toward the annual deadline for filing our income taxes, if you are receiving Social Security Disability Insurance (SSDI) payments you should be aware of how those benefits are treated for income tax purposes. If SSDI is your…
Medicare plans – Supplement or Advantage?
Turning 65 can be a bit nerve-wracking. First, we’re inundated with promotional materials from private insurers seeking our business once we become Medicare-eligible. As we look we find that we’ll likely need more than just “original Medicare” because it will…
“Judgement Day” on the Horizon for Social Security
For nearly four decades, the Trustees of Social Security have warned Congress that demographic shifts and especially increased life expectancy will cause Social Security to face financial insolvency – projected, for years now, to occur in the mid-2030s. Congress has…
About Saving for Retirement
Most financial advisors will tell you to start saving as early as you can, even if it’s only a small amount in the beginning, to take advantage of compounding your investment earnings. Certainly good advice and, even if the amount…
Social Security’s Solvency Dilemma–There’s Plenty of Worry to Go Around
Rumors surrounding Social Security’s demise are overstated, and the many untruths about why the program is in trouble (no, politicians did not steal the money) aren’t helping people get a grasp of the real problem. So, here to help, is…
The Cricality of Reforming Social Security and Medicare
It’s become a hot subject, as most who’ve studied Social Security and Medicare over the years expected it would. Now, with insolvency projected to be reached within a decade, the calls for action are becoming louder and clearer, with one…