AMAC Foundation
The New $6,000 deduction in the “Big Beautiful Bill” does not reduce your AGI.
The “Big Beautiful Bill” (BBB) recently passed in Congress includes an additional $6,000 tax deduction for people 65 and older, $12,000 for married. While this new bill may reduce your tax liability, it does not reduce your adjusted gross income…
Did you know that Social Security used to make house calls?
Tom Margenau wrote an article about being a “field representative” for Social Security many years ago. Social Security used to do actual house calls for people who were confined to their homes or travel to different locations without an office…
Will a 12% Medicare increase in 2026 offset your COLA adjustment?
The Cost-of-Living Adjustment (COLA) is scheduled to be released on October 15th, 2025; however, it may be delayed due to the government shutdown. It’s expected to be about 2.7%, higher than last year’s 2.5%. For a typical $2,000 Social Security…
Demystifying Medicare
Medicare, part of President Lyndon Johnson’s “Great Society,” was first enacted in 1965. As it has evolved over the decades, Medicare now consists of four unique “parts,” each designed to provide specific healthcare insurance coverage to American seniors. Here are…
Ask Rusty – Should I Take Social Security Now, or at age 70
Dear Rusty: I was born in April 1958, and my plan has been to take my Social Security at age 70. However, my sister-in-law says that it is smarter to take it now while I am still working. I will…
“IRMAA:” A Medicare Surprise!!
“IRMAA:” A Medicare Surprise!! Have you ever been surprised by something that occurred more than a year ago, which you must now pay for? Such is the case for many Medicare beneficiaries who are affected by a Medicare provision known…
Claim Social Security at age 62? Or 67?
Deciding when to claim your Social Security benefits is often a confusing choice, which tends to make many just claim as soon as they become eligible at age 62. But what do you forfeit by claiming at age 62, versus…
Will I Get A 2026 Cost of Living Adjustment (COLA)?
Traditionally, as we approach the 4th quarter each year, we have come to expect the announcement of various Social Security changes for the upcoming year. Probably the most highly anticipated of these changes is the annual Cost of Living Adjustment…
Demystifying Your Social Security Benefit
Winston Churchill famously described the Soviet Union as “a riddle inside an enigma wrapped in a mystery.” That may also be an appropriate way to describe your Social Security benefit, or so it seems when trying to understand how your…
Trouble with Medicare Expense? Here’s How to Get Help
In this Midland Daily News article, Jim Miller (AKA the “Savvy Senior”) answers a question from someone whose Mom is having trouble paying her Medicare costs. The savvy senior explains that there are several programs available to assist those who…