AMAC Foundation
Trying to Locate a Lost 401 (k) or Pension?
If you have switched jobs over the years and left a 401(k) or Pension behind, the information in an article written by Sarah Agostino may help you locate it. She provides information on websites that can help you locate them.…
When Should You Take Your Social Security Benefits?
When to take your Social Security benefit is a decision only you can make. If you are married, you should decide with your spouse. This decision will affect the rest of your life. You should consider your life expectancy (you…
Estimating Your Life Expectancy is One of the Most Important Parts of Retirement Planning
No one knows how long they will live, but it is important to consider your life expectancy when deciding when to retire. According to the Centers for Disease Control and Prevention (CDC), a 65-year-old retiree today should expect to live…
Nine States That May Tax Your Social Security Benefits in 2025
There are still nine states that may tax your Social Security Benefits in 2025. In 2026, only eight states will still tax Social Security benefits. This is the last year West Virginia is taxing Social Security benefits. Unless any of…
Social Security Administration Releases an Update on the Effect of the Government Shutdown on Its Services.
Even though the Government is temporarily shut down, monthly Social Security benefits and Supplemental Security Income (SSI) payments will continue. The SSA is encouraging everyone to utilize their My Social Security Account …. online during the shutdown. You can view…
New Retirement Withdrawal Rate in 2026
If you are in your first year of mandatory withdrawals, the following article offers you some quidelines on how much to withdraw in your first year. The goal is to ensure your retirement funds last at least 30 years. The…
People sixty-five or older may receive a higher tax deduction on their 2025 Tax Return
A lot of people were hoping to see the taxation of Social Security benefits end; however, that did not happen. However, included in the “One Big Beautiful Bill” (OBBB) that did pass is included an additional $6,000 tax deduction for…
Women and Social Security - AMAC Foundation “The times, they are a-changing!”
“The times they are a-changing,” Grandpa was fond of telling Grandma as they navigated through the Great Depression, the world changing around them on their small upstate NY farm. Although the Social Security Act was passed with much fanfare in…
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…
2025 saw lowest inflation in 5 years, but seniors are still struggling!
The federal Bureau of Labor Statistics (BLS) is the government’s watchdog for inflation, and BLS recently announced that the 2025 actual inflation rate was 2.7% – the lowest since the year 2020. Lower inflation is, of course, a good sign,…