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FAQs on Medicare Financing and Trust Fund Solvency
(By Juliette Cubanski and Tricia Neuman for Kaiser Family Foundation published June 17, 2022) Medicare, the federal health insurance program for 65 million people ages 65 and over and younger people with long-term disabilities, helps to pay for hospital and…
Why set-it-and-forget it retirement plan is a bad idea.
How many of us only look at our retirement accounts once a year? But achieving your retirement goals will require more work. So, where should you begin? Adam Levy outlines three things you can do to make the most of…
Should you file for Social Security when you file for Medicare?
Many people feel their retirement age is 65 when they become eligible for Medicare, but that is no longer the case. The full retirement age is 66 if you were born from 1943 to 1954. If you were born from…
Popularity of Medicare Advantage Plans
In a report published by Better Medicare Alliance, a non-profit advocate for Medicare Advantage, a recent study reveals that selection of a Medicare Advantage (MA) plan over “original” Medicare is an increasing popular choice. Medicare Advantage plans are required to…
One Cannot Live on Social Security Alone
The Social Security program was never intended as a retiree’s sole source of income. Indeed, the program is intentionally designed to provide only about 40% of a person’s pre-retirement income, and most financial advisors will counsel retirees that they will…
Retiree Decisions in a Bear Stock Market
The “grin and bear it” approach to the current bear market is especially tough for those who are retired, watching their nest egg diminish in value almost every day. But what is a retiree to do? Well, the father of…
The biggest challenge of retirement
We all have a picture of ourselves when we retire. Some of us will be playing more golf, sailing around the world, or just enjoying time with our loved ones. So, what can be wrong with these plans? According to…
Early Onset Alzheimer’s added to Social Security Compassionate Allowance List
Alzheimer’s is a type of dementia that affects memory, thinking, and behavior. Symptoms eventually grow severe enough to interfere with daily tasks. The Social Security Administration (SSA) has added Younger/Early Onset Alzheimer’s to the list of conditions under its Compassionate…
Three ways to change your address with Social Security
Are you moving, currently receiving Social Security benefits or enrolled in Medicare and want to know how to change your address? There are three ways to change your address with Social Security: Online, by Phone, or in Person. Rachel Hartman…
Customer Service at Social Security
As a non-government Social Security Advisory Service, our staff here at the AMAC Foundation deals almost every day with Americans who are frustrated with their experiences trying to deal with the Social Security Administration. Many have tried and given up…