Latest News
A Lack of Social Knowledge Can Create a Big Problem!
What you don’t know can hurt you, especially when it comes to Social Security decisions. That’s a simple fact that we deal with routinely at the AMAC Foundation Social Security Advisory Service. For example, being unaware of the earnings test…
Dissecting the Social Security Earnings Test
The Social Security Earnings Test severely limits the ability of early retirees to earn income without having their benefits reduced. Because of this provision, many older Americans are forced out of the workplace when they would otherwise continue contributing to…
Garnishment of Social Security benefits, and how it occurs
For the past year or so, quite a bit has been written about the clawing back of overpaid Social Security benefits. Most recently, of course, there’s been the back-and-forth about the limit on how large a portion of a monthly…
Celebrating Social Security Fairness Act Milestone
The Social Security Administration recently celebrated a key milestone by announcing that we completed sending over 3.1 million payments, totaling $17 billion, to beneficiaries eligible under the Social Security Fairness Act (SSFA), 5 months ahead of schedule. When the SSFA…
The Social Security Board of Trustees’ 2026 COLA estimate
The annual cost-of-living adjustment (COLA) calculation uses the data collected by the Bureau of Labor Statistics from the third quarter of the year, specifically the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) readings from July through…
Do you know what the 2025 Medicare prescription cap?
Two types of Medicare plans cover your prescription drug needs: Stand-alone Medicare Part D plans or Medicare Advantage prescription drug (MAPD) plans. Private insurance companies manage these plans; however, they must adhere to the Medicare guidelines. However, each plan can…
Delaying retirement
As Americans approach retirement age, a growing number of them are delaying retirement, and more than fifty percent are expressing doubts about the future of Social Security. A recent survey found that almost two-thirds of pre-retirees are concerned about outliving…
Prepare to live in retirement for 40 years
Although life expectancy took a downward turn due to the COVID-19 pandemic, it is on the rise again, with the average life expectancy in the U.S. for 2025 at 79.40. With people living longer, your retirement and retirement savings will…
What does Medicare-approved amount mean?
Do you know the difference between what your provider bills Medicare and the amount paid by Medicare? It is called the Medicare-approved amount. The Medicare-approved amount is the total payment that Medicare has agreed to pay a health care provider…
A new proposal to solve Social Security insolvency
In an op-ed published Tuesday for The Washington Post, Sens. Bill Cassidy (R-La.) and Tim Kaine (D-Va.) proposed creating an additional investment fund for the Social Security Trust fund. “We propose creating an additional investment fund — in parallel to…