Latest News
Dissatisfaction with Social Security’s COLA Highlighted by Study
This isn’t really news, but many seniors have concerns about the 3.2% cost-of-living adjustment set to kick in next month. These concerns focus on a few well-known and frequently discussed criticisms of the current process, specifically that the adjustment is…
A Statistical Look at the “Worst” Ages to Claim Benefits
The question of when to file for Social Security retirement benefits is one of the most frequent queries we receive here at the AMAC Foundation Social Security Advisory Service. When responding, we typically begin our discussion with “Well, it depends,”…
The Downside of a “Wing It” Approach to Retirement Planning
A recent study by Allianz Life coughed up a startling statistic—40% of those surveyed in the study said they do not have a plan for finances in retirement, preferring to cross that bridge when they get there. As anyone who…
Stop Fretting! You’ll Get Your Social Security
It can be pretty perplexing, trying to decide when to claim your hard-earned Social Security benefits. After all, you likely know that the longer you wait the more your monthly payment will be, and not getting the most you can…
Don’t Run Out of Money in Retirement
Heightened by soaring inflation in the past two years, many seniors and soon-to-be retirees worry whether their nest egg is sufficient to last them their lifetime. No question it’s becoming more and more difficult to make ends meet, adding extra…
Understanding Social Security Disability
The problem with misunderstanding? Well, believing something that isn’t true usually leads to an incorrect decision, and that is especially true when it comes to Social Security benefits. Sometimes it seems like there is no way to tamp down some…
The Big Question: When Should You Claim Social Security?
Here at the AMAC Foundation’s Social Security Advisory Service, “When should I claim Social Security?” is in the top 3 of our most frequently asked questions. Not surprising, when you consider that there is an 8 year window in which…
The (In)adequacy of the 2024 COLA Increase
The forthcoming 3.2% Cost of Living Adjustment (COLA) to everyone’s Social Security benefit was announced, with great fanfare, in October. However, the news was received with a rather dull thud by seniors still struggling with the effects of soaring inflation…
Medicare Advantage Under Scrutiny
No doubt that Medicare Advantage plans have greatly increased in popularity over the years, to the point that about half of all seniors over age 65 an over have eschewed “traditional Medicare” federal government coverage to, instead, take advantage of…
Income Taxes, COLA, and Social Security
With much fanfare, media pundits trumpet the news of the forthcoming 3.2% Cost of Living Adjustment which will appear in everyone’s Social Security benefit starting in January. But, how will that additional money affect your income taxes, and how much…