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Don’t let these misunderstandings trip you up
Roughly half of the Social Security recipients receive at least 50 percent of total family income from Social Security, and about one-quarter of the seniors receive at least 90 percent from Social Security. Since Social Security plays an important role…
COLA increase might not be enough
The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. However, you may not be as much as you think it will be due to Medicare Part B…
Social Security Disability Hearing – Chairman’s Opening Statement
In a fairly scathing opening statement, the Chairman – (Rep. Drew Ferguson) of the House Sub-Committee hearing on Social Security Disability delays – lambasted the Social Security Administration for what he considers unacceptable service for those seeking Social Security Disability…
2024 COLA vs. Medicare Premium Increase
Pretty difficult for seniors to get ahead, with inflation hitting our pocketbooks hard and, for many, our Social Security checks being a major source of our retirement income. That’s why the annual COLA increase to our SS benefit is so…
Is it time to re-define “old age?”
It’s probably not earth-shaking news that many Americans are working longer, sometimes well into what might be considered their normal “retirement years.” Here at the AMAC Foundation, we frequently speak with those in their 70s who are still working, as…
Social Security adds Mobile Check-in at SS field offices
Mobile Check-In Express is Available! October 24, 2023 From the Social Security Administration: Now, clients visiting our local Social Security offices can check-in from their mobile device using our new feature, Mobile Check-In Express. To use Mobile Check-In Express, your clients can scan the…
What Will Your Lifetime Social Security Income Be?
When thinking about Social Security, it may be helpful to estimate how much money you’ll receive over the rest of your life once your benefits start. Among other things, that can help you plan for how much of a nest…
Unintended Consequences of Stimulus Payments
Talk about unintended consequences! Those stimulus payments (officially called “Economic Impact Payments”) sent out during the pandemic were certainly a blessing to needy Americans, helping them through a difficult national crisis. Thing is, many who received those stimulus payments were…
A Sobering View of Medicare Advantage plans
No question about it – Medicare Advantage plans are all the rage, now providing healthcare coverage for more than half of all Medicare beneficiaries. Those TV ads touting wonderful benefits at little or no extra cost are, indeed, quite effective…
When to Claim Your Social Security
The question we are most frequently asked here at the AMAC Foundation’s Social Security Advisory Service is “when should I claim my Social Security benefits?” That’s not surprising, considering most people will rely on Social Security as a major source…