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Important information about this alternative to original Medicare.
In 2020, 36 percent of all Medicare beneficiaries – 24.1 million people out of 67.7 million Medicare beneficiaries overall – are enrolled in Medicare Advantage plans. Although Medicare Advantage plans can be more cost-effective than original Medicare, you’re limited to…
Seventy-four percent of workers now plan to work in retirement
In their newest bi-monthly study by SimpleWise, personal finance technology company, it found the current political and economic environment have left many feeling uncertain about retirement plans and savings. At the pandemic high, 74 percent of workers now plan to…
Are you prepared to pay for these healthcare expenses Medicare will not cover
Medicare provides health insurance for 53.9 million retirees. While it will cover some of the costs of medical services, it won’t pay for all of the healthcare you’re likely to need throughout your retirement. There are five common types of…
How much pre-retirement income does Social Security replace?
Social Security benefits are an important source of retirement income; however, for some elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social Security for 90 percent or more of their…
Do you know your FRA?
When it comes to Social Security there is one important number you need to know: your full retirement age, or FRA. So why is this number so important? Knowing this number will make the difference between reducing your monthly benefit…
Tips to maximize your Social Security benefits
We all want to maximize our Social Security benefits but where to begin. In Will Kenton’s article for MoneyTalksNews, he writes about Mary Beth Franklin’s, a nationally recognized expert in Social Security claiming strategies, six insider tips for getting the…
Ready to File for Social Security? Here Are Some Factors to Know.
Once you’ve made your decision to file for benefits, there are a few checkpoint-type items you need to understand. From how much your benefit will be to how that amount fits into your overall financial plan, as well as the…
More on Spousal Benefits …
As we’ve said before, the issue of Social Security benefits for spouses is one of the areas we most frequently receive questions about at the AMAC Foundation’s Social Security Advisory Service. It can be complex, and it needs to be fully…
Filing Early…Understanding the Consequences
Most folks know that filing for Social Security benefits before one’s full retirement age results in a lower monthly benefit payment, Of course, you’ll get more monthly payments, and the system is calibrated so that if your time in the…
Medicare Scams Now Making the Rounds
From time-to-time, we post alerts about Social Security-related fraud activity, recognizing that it’s important for Seniors to understand how scammers prey on them. It’s equally important to be aware of how these despicable folks execute scams related to Medicare, and…