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“Digital-First”: The Way Forward for Social Security
Dealing with questions from lawmakers on a variety of issues facing the Social Security administration, A Commissioner Frank Bisignano made it clear that the agency has a strategy to navigate the workforce reductions while maintaining service integrity for the 70+…
Those Darn Boomers, Again!
A GoBankingRates.com article by Gabrielle Olya titled “2 Ways Social Security and Medicare Could Unravel as Boomers Flood the System” caught my eye, maybe because “Social Security” is in the title, maybe because I am a Baby Boomer. The background…
Unpacking Some Enduring Myths About Social Security
When it comes to Social Security, there are quite a few myths and misunderstandings that persist. Currently, in the wake of the publication of the 2025 Trustees Report last week, the prevailing sentiment is that the program will cease operations…
HR 82’s Impact on Social Security
In case you were wondering, the January 5, 2025 enactment of the WEP and GPO repeal via H.R. 82–the Social Security Fairness Act–had a fairly significant effect on Social Security’s timeline for insolvency. As Social Security Administration (SSA) Chief Actuary…
For New (or Soon to be) Retirees: Thoughts on Handling Market Turmoil
So, you’ve made it to retirement (or have it firmly in your sights), and the market takes a sudden downturn. That can happen, and in the economy we have, it has happened repeatedly in past years. Whether it’s something like…
Tariffs, Inflation, and Social Security’s COLAs: An Entanglement with Potential Impact on Seniors
While the tariff wars unfold on the world stage, economists are busy developing forecasts of the relationship between import/export fees and inflation, with opinions leaning toward likely increases in consumer prices. And consumer prices–the money we all spend on goods…
Thoughts on Retirement Planning: Savings Outlook for 2025’s 2nd Half
To say it’s been a bumpy road so far this year would be somewhat of an understatement, with the rate structures for savings instruments remaining a bit higher than anticipated, 401(k) and IRA account balances ending the first quarter in…
Article Paints a Bleak Picture for Social Security Beneficiaries
The issue of Social Security’s annual cost-of-living adjustment (COLAs) not being able to keep seniors abreast with inflation is a frequent topic of discussion in the media. The Motley Fool’s Katie Brockman adds to the rhetoric on this matter with…
How to Make Your Retirement Savings Last: Smart Budgeting After 65
(Note: This first article appeared yesterday on AMAC’s Newsline, written by D.J. Wilson)To comfortably retire at 65, it is said that individuals should aim to have saved 10 to 12 times their pre-retirement income. This guidance is based on the 4%…
Longevity and Its Relationship to Retirement
The 2025 Social Security Trustees Report confirmed that Americans reaching age 65 can expect an average life expectancy of 86 years for females (10% higher than in 1940) and 83.4 years for males (9% higher than in 1940). The report…