Latest News
Traps to Avoid in Retirement
Suze Orman is, perhaps, one of the most respected guru’s when it comes to retirement planning. She is a regular guest on television and radio financial programs, and is often sought out for advice on financial matters. So, when Suze…
Social Security won’t be going bankrupt, but ….
The word “bankrupt” suggests that the Social Security program would disappear entirely, and that is not something which can realistically happen. But Social Security “insolvency” is, in fact, a real possibility – and that’s a scenario where Social Security doesn’t…
Mistakes with Social Security will disrupt your retirement
Nobody likes to make mistakes, especially when it comes to Social Security which is the mainstay of financial comfort in your golden years. But, unfortunately, many senior unwittingly make wrong assumptions about Social Security, which can lead to considerable discomfort…
“Medical Marijuana” not covered by Medicare Advantage
“Cannabis” products have become increasingly popular in recent years, and some physicians now suggest using products often referred to as “medical marijuana.” Increasingly, doctors seem prone to prescribing the use of these products, often when all other medical procedures for…
“IRMAA” may make you pay more for Medicare this year
“IRMAA” is an acronym for the “Income -Related Monthly Adjustment Amount” – a somewhat obscure Medicare rule which catches many seniors by surprise. IRMAA affects those who are on Medicare and who have a higher taxable income from two years…
What you need to know about 2026 Social Security changes
Social Security is an ever-changing program and, for the most part, that is a good thing. For example, the program changes annually to accommodate inflation via COLA (cost of living adjustments). But other Social Security factors also change, some of…
About Social Security Solvency
in this article by Jeffery Snyder appearing at The Street, the author interviews a well known expert on Social Security matters, Andrew G. Biggs. Mr. Biggs is a scholar at the American Enterprise Institute and a former executive with the…
How to increase your Social Security payment
Among the many thousands who contact the AMAC Foundation’s Social Security Advisor Service annually, very few have ever said that their monthly Social Security payment is enough. In fact, most seek ways to maximize their monthly benefit payments, either before…
Does Social Security cover 40% of retirement expenses?
As we have explained many times at the AMAC Foundation’s Social Security Advisory Service, Social Security was never meant to provide 100% of retirement income. In fact, it was intentionally designed to replace only about 40% (or less) of each…
Can You Live on Social Security Alone?
Social Security benefits were meant to bolster existing retirement savings and pensions — not to make up for a non-existent nest egg.” And that mantra is one that we frequently emphasize here at the AMAC Foundation’s Social Security Advisory Service.…