AMAC Foundation
Retirement Security for your Dependent(s)
With October, which is National Retirement Security Month, just around the corner, it’s important not only look at your personal retirement security but also the retirement security for your dependents. Of course, your spouse is each person’s usual beneficiary but,…
New Social Security Online Account is Easier to Use
In a continuing effort to provide enhanced online services, the Social Security Administration has announced that they have updated the “my Social Security” account homepage to facilitate access to your personal Social Security information. The new format makes it easier…
The Value of Social Security Knowledge
Here at the AMAC Foundation[1], we are keenly aware that knowledge about Social Security will help everyone choose a course of action which is best for their financial wellbeing. At times, it is someone who is looking ahead to retirement…
Coming Soon: Medicare’s Annual “Open Enrollment” Period!
It’s coming up fast: Medicare’s annual “Open Enrollment Period” which starts each year on October 15th and runs through December 7th. This is the time when American seniors can enroll in or change a stand-alone Medicare Part D Prescription Drug…
Ask Rusty – Should my Spouse be getting half of my Social Security amount?
Dear Rusty: I was referred to you to ask a question about Social Security benefits. I receive about $1,700 a month from Social Security while my husband receives only approximately $750 monthly. Is he entitled to file for half of…
Social Security Will No Longer Mail Paper Checks
This article proclaims it’s “the end of an era,” and it definitely is. Social Security has been mailing monthly payments to beneficiaries since the late 1930s. Of course, for many years, Social Security has also been requiring new recipients to…
The Importance of Realizing Social Security is Only a Safety Net
Inflation is causing Social Security not to go as far as it used to. Unfortunately, not everyone was able to save for retirement. More people are now relying heavily on their retirement accounts. Their savings, 401(k)s, IRAs, brokerage accounts, etc.…
Sometimes you need to take your Social Security at 62
You constantly hear about strategies for maximizing your Social Security benefits, but it is not always your best option. When to take your Social Security benefit is a personal decision only you can make, depending on your personal circumstances. …
Are You Eligible for a Spousal Benefit?
Even if you never worked, if you are married or were married at least 10 years, you could qualify for benefits based on your spouse’s record. You can get a spousal benefit equal to 50% of your spouse’s full retirement…
Changes May Be Coming to How Social Security Disability is Determined
The Social Security Administration (SSA) is considering a proposed rule that will affect how disability eligibility is determined for Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). One of the changes would replace the outdated occupational data. The…