AMAC Foundation
Can you get the maximum Social Security benefit?
Well, the probable answer is “no” because there is a pretty high bar to achieve that goal. Basically, you’d need to earn at least as much as the annual payroll tax cap for at least 35 years, pay Social Security…
Ask Rusty – Veteran Uncertain About Social Security and Healthcare Coverage
Dear Rusty: I’m not sure what I should sign up for in terms of Social Security: I am 64 and I am still employed full time and intend to stay employed until age 70. I am retired from the Navy…
What is the best age to claim Social Security?
It’s something of an age-old question but, curiously, one where the reality of when most people claim seems to conflict with the optimum age for them to do so. This Nasdaq article by Motely Fool’s Katie Brockman explains that while…
Understanding Spousal Benefits…And Why They May Not Exist for You.
For married couples looking ahead to retirement finances, the issue of spousal benefits can become a major factor in the planning process. For this reason alone, it’s good to have a clear understanding of how the calculations work and what…
About Fixing Social Security’s Finances
More and more organizations are sounding the alarm – an alarm that the Association of Mature American Citizens (AMAC) has been sounding for years – that Congress must act soon to fix Social Security’s looming financial issues. This InvestmentNews article…
How Claiming Social Security Early Can Hurt You
“Because it’s there” is the reason so many working Americans claim Social Security when they turn 62 years of age. Somewhat understandable when, for a whole lifetime, you’ve been paying money into a program and are anxious to start getting…
Key Indicators that it’s time to claim Social Security
Most financial advisors will tell you that you should delay as long as reasonably possible to claim your Social Security benefits. After all, the longer you wait (up to age 70) the higher your monthly Social Security payment will be,…
Medicare Advantage vs. “Original Medicare?”
Medicare Advantage is, essentially, private healthcare coverage which replaces “original Medicare” and, due to very aggressive marketing in recent years, Medicare Advantage plans now provide a majority of healthcare services to American seniors. The alternative to Medicare Advantage is, of…
Who Can You Call with Questions About Social Security and Medicare?
Social Security and Medicare are, inarguably, the two most important senior benefit programs in our nation, but they are also both exceedingly complex and difficult for the uninformed to navigate. This excellent article by Hillary Hatch, appearing at Michigan’s Pioneer…
Allow “Phasing In” Social Security Benefits?
In this interesting opinion piece, one erudite expert suggests that Social Security should offer an option to allow phasing into retirement. This would be done by permitting one to first collect only a portion of their Social Security benefit early,…