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Martin Luther King Day Observed
Everyone has the power for greatness, not for fame but greatness, because greatness is determined by service. – Martin Luther King, Jr. AMAC Foundation employees are off this day and thus Social Security Report will return on Tuesday, January 20th…
More on Social Security’s financial dilemma
As a companion to another article posted today hereon, this Roosevelt Institute article by Stephen Nuñez provides substantial detail about why a Social Security issue exists, and what can be done to prevent the Social Security Trust Funds from being…
Social Security’s maximum benefit is unachievable by most – but don’t despair
Social Security’s so-called “maximum benefit amount” ($5,251 per month for 2026) is one which is quite difficult (some would say, impossible) to achieve. Indeed, it is likely unattainable for most beneficiaries, because it requires a nexus of several factors. Nevertheless,…
Caution to those collecting early benefits: The Social Security “Earnings Test” applies
Probably the biggest cause of seniors receiving an “Overpayment Notice” from the Social Security Administration is a rule called the “Annual Earnings Test,” or “AET.” The AET affects those who claim Social Security prior to their full retirement age (FRA)…
Traps to Avoid in Retirement
Suze Orman is, perhaps, one of the most respected guru’s when it comes to retirement planning. She is a regular guest on television and radio financial programs, and is often sought out for advice on financial matters. So, when Suze…
Social Security won’t be going bankrupt, but ….
The word “bankrupt” suggests that the Social Security program would disappear entirely, and that is not something which can realistically happen. But Social Security “insolvency” is, in fact, a real possibility – and that’s a scenario where Social Security doesn’t…
Mistakes with Social Security will disrupt your retirement
Nobody likes to make mistakes, especially when it comes to Social Security which is the mainstay of financial comfort in your golden years. But, unfortunately, many senior unwittingly make wrong assumptions about Social Security, which can lead to considerable discomfort…
“Medical Marijuana” not covered by Medicare Advantage
“Cannabis” products have become increasingly popular in recent years, and some physicians now suggest using products often referred to as “medical marijuana.” Increasingly, doctors seem prone to prescribing the use of these products, often when all other medical procedures for…
“IRMAA” may make you pay more for Medicare this year
“IRMAA” is an acronym for the “Income -Related Monthly Adjustment Amount” – a somewhat obscure Medicare rule which catches many seniors by surprise. IRMAA affects those who are on Medicare and who have a higher taxable income from two years…
What you need to know about 2026 Social Security changes
Social Security is an ever-changing program and, for the most part, that is a good thing. For example, the program changes annually to accommodate inflation via COLA (cost of living adjustments). But other Social Security factors also change, some of…