Latest News
2021 COLA Projections and the Likelihood of a “Zero Year”
Based on what’s happening in the economy these days, it appears possible–maybe even likely–that the Social Security Cost-of-Living-Adjustment (COLA) may be zeroed out for 2021. Citing the collapse of prices in the fuel markets as a leading reason why the…
The Duties of a Representative Payee
Social Security Public Affairs Specialist Marilenin Vasquez, in a post on patch.com, discusses the role of a Representative Payee in helping seniors manage their Social Security benefits. Her post begins with an outline of Social Security’s process for helping to ensure…
Safe Deposit Boxes and Your Social Security Card
Kiplinger Online Editor Bob Niedt, in a post www.kiplinger.com, takes a look at what many folks tend to keep in safe deposit boxes, highlighting the pros and cons of certain items many consider appropriate items to subject to this form of security.…
Reasons Why Your Social Security Benefits Could be Lessened
The Motley Fool’s Maurie Backman, in a post on their website today, outlines three reasons why your Social Security benefits may not be what you’re planing for. The first, of course, makes reference to the overall trust fund solvency issue, something…
Investment Protection from Social Security
The Social Security Administration’s Erin Thompson in an article posted today on the News-Herald, outlines the SSA’s stance on fraud and the steps the agency takes to protect beneficiaries from the attacks of scammers, imposters, and the like. The post includes…
The National Debt and Social Security’s Inherent Role
The Bryan (Ohio) Times today carries an article outlining the conceptual pitfalls of the rapidly escalating U.S. national debt and, although it contains some incorrect assumptions (e.g., the comment implying that the Social Security trust fund tends to “take in…
Social Security Reform Called for in Letter to House
The Fiscal Times reports that a bipartisan group of lawmakers is advocating for any future pandemic relief measures to include focus on national debt problems, including Social Security’s long-term trust fund solvency issues. In a post by Editor in Chief Yuval…
Details on Supplemental Security Income and How to Qualify
Over 8 million people received Supplemental Security Income (SSI) benefits from Social Security in April, with 28.5% of them age 65 or older. If you are wondering about your individual eligibility, check out this Patch.com article by Social Security’s Delia De…
Starting Benefits Mid-year but Over the Monthly-Limit
The AMAC Foundation’s Social Security Advisory Service is receiving quite a few inquiries from folks looking to start their benefits early, especially when one spouse loses their employment and the other spouse is a low-earner. The low-earning spouse needs to continue working, and…
Another Stimulus? Maybe, Maybe Not. Things Social Security Beneficiaries Need to Know.
The “Heroes Act”–the follow-up to the CARES Act signed in March–has been passed by the House but is under debate in the Senate at this point. The outcome is uncertain, but the rumor mill is heating up with respect to…