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The Effect of the Pandemic on Social Security
The COVID-19 pandemic has shut down the American economy and cast millions of workers into unemployment, shuttered entire businesses which previously prospered, and changed many aspects of our lives in so many ways. But while the current economic impact and personal discomfort…
About Social Security’s Future
Although many naysayers claim that Social Security will be going bankrupt, that is simply not true. For as long as there are Americans working, Social Security will be paying benefits. But, as the Trustees of Social Security have been warning…
Social Security for Federal Employees
Here at The AMAC Foundation, we hear almost daily from Federal retirees who are angry than their Social Security benefits are reduced because of their Federal pension. Truth is, that applies to some Federal employees but not all (it also…
During the Pandemic, Don’t Be Stung by These Social Security Myths
Myths about Social Security abound everywhere, on social media and in the minds of those who love to dramatize bad news which seems like it might be plausible. But during times of crisis, such as the COVID-19 pandemic, it’s especially…
Preparing for retirement can make a huge difference in your quality of life
Retirement is a goal that is shared by virtually everyone who has ever had a job; however, the uncertainty caused by the pandemic has compounded the issue, particularly for those at or near retirement. But the preparations of a successful…
The drawbacks, risks and rewards of delaying your retirement
According to recent survey by the nonprofit organization Life Happens, it found many older adults are being forced to rethink their retirement plans thanks to the pandemic, with 43 percent of Americans saying they plan to postpone and continue to…
Social Security’s Plan to Better Serve You
(Source – blog.ssa.gov) We are committed to improving service to the millions of Americans who expect and deserve timely and accurate help from us. This effort requires that we modernize our technology so we can provide our employees with effective,…
Why the large premium hikes to your LTC policy and what to do about it
Many long-term care (LTC) policy holders may be facing a sizable premium increase this year causing many to doubt if it was the right decision to purchase this insurance. Why the large premium hikes? Well, it’s a combination of low…
More education is needed on how best to utilize HSAs
The results from a recent survey conducted by Optum Bank and Empower Retirement found that although HSAs provide a variety of benefits for employees, they are in need of more education on how best to utilize this tool for long-term…
Americans were already struggling to save for retirement
A new study from the Center for Retirement Research at Boston College, found about 75 percent of those who have lost jobs because of COVID-19 are now at risk of being unable to maintain their standard of living when they…