AMAC Foundation
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,…
When Should you Claim Social Security?
There’s no single answer to that question, but there is one very important factor which is crucial for you to know when deciding, and that is your full retirement age (FRA). You FRA varies depending on the year you were…
“Common Law Marriage” and Social Security
Social Security’s rules regarding spousal benefits are quite clear – to be eligible for benefits based on their partner’s lifetime earnings history, the couple must be “married.” It’s the definition of “married” which often catches people applying for Social Security…
Regret Claiming Social Security? Here’s what you can do
Deciding when to claim Social Security can be a daunting exercise and, far too often, the complexity of that decision leads to just throwing up your hands up and applying, without fully understanding the consequences of doing so. Then, a…
In a Sea of Red Ink, should Congress Seek Fiscal Reform?
With the national debt now exceeding $33 Trillion, and Social Security and Medicare facing insolvency in less than a decade, it’s hard for the average American to understand why anyone would oppose Congress seeking ways to restore fiscal stability. Then…
Social Security’s Looming Insolvency–Know the Facts
Most folks tuned into current economic affairs are well aware of the projections that Social Security’s trust fund reserves, valued at nearly 3 trillion dollars just a few years ago, will be depleted by 2033 (or 2032, depending on the…