AMAC Foundation
Inaccurate Social Security payments – How can this issue be resolved?
By La Grada Finance on June 2, 2024 Although the percentage of accuracy for Social Security payments is extremely high, situations of overpayment or underpayment still occur. Overpayment repay can create a headache for the recipient. Read about possible options…
Technology is Helping People with Disabilities succeed in their Jobs.
By Diane Winiarski on June 3, 2024 for Forbes The benefits from advancing technology can be seen in many different areas of our lives. There is a program (Ticket to Work) for people on Social Security Disability Insurance (SSDI) that…
How could Social Security Insolvency affect your Retirement?
This report by David Fei published on June 3, 2024 for FedSmith.com contains information on this very topic. Perhaps it’s a good strategy to take the potential reductions to consider in your retirement planning. Social Security will always pay benefits.…
The So-called Social Security “Apocalypse”
“Apocalypse” and “Doomsday” are words which have been used to describe Social Security’s looming financial issue, but both words are not an accurate way to described the problem. According to this FOX29 article by Heather Miller, it would be more…
Surprise! 2025 COLA Won’t Offset True Inflation
Inflation is an insidious thing – inexorably creeping prices for most everything we buy. And while there is often a lot of hoopla about how Cost of Living Adjustments (COLA) are designed to help seniors keep up with inflation, the…
Early Prediction of 2025 Cost of Living Adjustment (COLA)
It’s way too early to say with any degree of certainty what next year’s COLA will be, but it’s still interesting to take a look at what might be. Inflation, of course, is the driver of any COLA increase to…
All About Taxation of Retirement Benefits (including Social Security)
Ben Franklin once said, “Nothing is certain but death an taxes.” Especially at the Federal level, taxation of your income may be inevitable, but the story is considerably different when it comes to State income taxes. The fact is, that…
Prescription Drug Plans Cutting Coverage
Medicare – the nation’s main healthcare plan for seniors – doesn’t include coverage for prescription drugs (unless administered during a hospital stay). Although usually called “Medicare Part D,” all such plans for coverage of prescription drugs are provided by private…
Planning For Your Retirement
” … people shouldn’t view retirement as “an endless vacation.”” Instead, they should dive into their inner selves and values,” according to this Yahoo! Finance article by Tina Nazerian. What will your retirement look like? Do you have a specific…
Will fixing Social Security fall to the Millennial generation?
With the many perspectives on how the Social Security dilemma will play out, this article by Kerry Hannon for Yahoo Finance ponders on a scenario where Millennials take the hit. Read here… As an example of the leading thoughts on…