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“Trump Accounts” Hit the Street Running
The tax-advantaged savings opportunities created by the One Big Beautiful Bill Act offer a pathway to wealth accumulation that could help address a long-standing challenge for future retirees: the lack of financial resources to replace pre-retirement earnings when Social Security…
Social Security Eligibility and Work Credits–An Annually Changing Scenario
With all the hoopla about the 2026 cost-of-living adjustment for Social Security benefits, compounded by its erosion due to Medicare Part B increases, it’s easy to see why changes to the earnings requirement for work credits can go unnoticed. After…
Achieving an Effective Strategy for Social Security Benefits Requires Knowledge
Without question, the world of Social Security is one of the most complex areas to navigate. The decisions can seem intimidating and heavily weighted, given that they are, for the most part, permanent. For this reason, it is essential that…
Working After Claiming Benefits–The Pros and Cons
Remaining in or rejoining the workforce after claiming Social Security benefits has its upsides, but it also has some cautionary factors to weigh. For example, if you are not yet at your full retirement age, there are limits to the…
Filing for Benefits in 2026? Here are some steps to take in advance.
It’s a big decision…one that for most folks will have a substantial impact on their standard of living in their later years. Because of its significance in retirement planning, it’s essential to take several key steps well in advance of…
Income-Related Monthly Adjustment Amount Explained
By now, most Social Security beneficiaries are aware that the Medicare Part B premium increase has been offset by the 2.8% cost-of-living adjustment (COLA) for 2026. For higher earners, though, there may be even higher cost increases via the Income-Related…
COLA Thoughts: Looking Ahead to 2027
Even though the 2026 cost-of-living adjustments are just now being reflected in benefit payments, pundits have begun looking way down the road to what might happen next year. For example, The Motley Fool’s Bram Berkowitz, in a post on their…
More Thoughts on the “When to File” Question…Age 62 Might Not Be All That Wrong?
When to file for Social Security benefits is one of the more daunting decisions seniors in their early 60s need to make. In fact, here at the AMAC Foundation Social Security Advisory Service, it’s one of the top questions we…
Tax Season is Here! Time to Review the New Deduction Rules
There has been quite a bit of confusion surrounding the “no taxes on Social Security” mantra accompanying the One Big Beautiful Bill Act (OBBBA) of July, 2025. The taxation rules placed into effect for tax years 2025 through 2028 are…
Attention Soon-to-be Veterans: Understand TRICARE Transition Rules
Active military, National Guard, and Reserve personnel contemplating retirement in 2026 need to be aware of the rules that govern continuation of TRICARE medical coverage post-service. In a recent post on TRICARE Newsroom, Zelly Zim, a senior program analyst in…