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Only a few weeks left in the annual “Medicare Open Enrollment” period
The annual Medicare Open Enrollment period starts on October 15th and ends on December 7th of each year. This is a time during which you evaluate how your current healthcare plan fits your needs, and switch to another plan if…
COLA: How Can it be a Raise if we lose Buying Power?
Inflation is an insidious thing. The rising cost of consumer goods takes its toll on our budget nearly every year, meaning we lose buying power almost daily (our dollar buys less as prices go up). “COLA,” or Cost of Living…
About Taxation of Social Security Disability Benefits
Are Social Security Disability Insurance (SSDI) benefits subject to income tax? It’s a question regularly asked of the AMAC Foundation’s Social Security Advisory Service and, as with many questions about Social Security, the answer is “it depends.” There are nuances…
Counter-perspective of Social Security
It would be hard to find anyone in Washington, D.C. or, for that matter, among any of the 70 million Americans who receive benefits, who would argue that Social Security is a program which has outlived it’s time and purpose.…
Things to Know Before You Claim Social Security
Unfortunately, many people claim Social Security as soon as they can “because it’s there” and that is usually the wrong thing to do. Everyone’s personal circumstances are different and the best time to claim can’t be determined until you’ve considered…
When Will I Get My Social Security Payment?
It’s kind of a tricky question, and many who claim are perplexed trying to figure out exactly when their monthly Social Security payment will be available. It’s especially difficult for those trying to time receipt of their first Social Security…
Social Security Benefits Can be Reduced in Several Ways…It’s Important to Know the Rules!
Once the decision to file for Social Security benefits has been made, most folks weave the amount of their monthly payment into their financial picture and sit back for the long haul. That’s fine, but you need to understand that…
Take the Money and Run! Says Dave Ramsey
Snubbing conventional financial advice on drawing Social Security benefits at age 62, popular American radio personality Dave Ramsey a few years ago came out in favor of this move as a financial strategy. But, and this is a bug but,…
Candidate Desantis on Social Security: “Eligibility Requirements May Need to Change”
The Poynter Institute’s non-profit, nonpartisan fact-checking website Politifact came to the defense of presidential candidate Ron Desantis by rating a recent political ad “Mostly False” in its claim that the candidate “wants to cut Social Security and Medicare.” In a…
More Thoughts on the “When to File” Dilemma
What’s the best age at which to claim your Social Security benefits? This is far and away one of the top questions we receive here at the AMAC Foundation Social Security Advisory Service. The answer we provide generally tends to…