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Healthcare (and Medicare) Coverage When Traveling
As many Americans start emerging from the lockdowns imposed by the COVID-19 pandemic, a return to normal travel seems to be on the horizon. Depending on the type of healthcare coverage you have, traveling within the United States and it’s…
Maximizing Your Social Security Benefit
Everyone, of course, would like to maximize their Social Security benefit, but not everyone has the financial flexibility to do that. Nevertheless, there are many things you can do to make your benefit check a bit bigger, given your personal…
Are Millennials Too Optimistic About Retirement?
A recent survey reveals that millennials, those Americans born between 1980 and 1994, may be under estimating their financial needs in retirement. Probably not surprising when retirement is still many years away, but a consternation for financial planners who advise that…
About Submitting Documents to Social Security While Offices Are Closed
Like most Government agencies, the Social Security Administration (SSA) closed all field offices to public access because of the COVID-19 pandemic, which has fundamentally change the way that Americans interact with the SSA. This change is especially troubling because to…
State Income Taxes on Social Security Benefits? Some States Tax, and Some Don’t
As you contemplate your retirement, deciding where to spend your golden years may be a part of your decision making process. The overall cost of living in the state you plan to hang your hat is, or should be, an important consideration,…
Are You Counting On Social Security to Be There?
A recent survey reveal that a full 87% of future retirees believe that Social Security will become an important source of income during their retirement. That’s a sizable portion of America’s workforce, but are they safe in assuming Social Security…
A Social Security Primer for Spouses
Safely ensconced near the top of the list of most frequently asked Social Security questions fielded by The AMAC Foundation’s Social Security Advisory service is the category of spousal benefits, and that includes benefits for married spouses, as well as…
Don’t Send Money to Social Security Unless Asked To Do So
Sending unsolicited money to Social Security for any reason is almost sure to result in difficulties. “Unsolicited” means you may have concluded you owe them money and take it upon yourself to send it back, but this should never be…
What You Should Know About Claiming SS Early or Later
The question “When should I claim Social Security” sits proudly atop the list of most frequently asked questions fielded by The AMAC Foundation’s Social Security Advisory service. It’s a common inquiry because so many people simply don’t understand how the…
Social Security Myths That Can Ruin Your Retirement
Okay, many of us know that the internet abounds with myths about Social Security. Some are so blatantly and obviously false that they can be discounted immediately (e.g., that Social Security’s financial issues can be easily fixed if the government replaces…