AMAC Foundation
Modernizing Social Security Now will Safeguard it for Present and Future Retirees
There’s a lot of ranting about recent changes to Social Security. Some fail to realize that leaving it alone to continue on as is will be devastating to millions as the trust fund runs dry in the mid 2030’s. Working…
What Affect will Tariffs have on Next Year’s COLA?
The Cost of Living Adjustment (COLA) is a measure of third quarter inflation from one year to the next. With tariffs in play inflation could be increased or decreased. Which way will it swing? Sean Williams for The Motley Fool…
Switching Social Security payments to Direct Deposit: Paper checks have disadvantages
Susan Tompor for Detroit Free Press warns about listening to advice on Facebook regarding handling your Social Security payments. As of September 30th having some type of electronic deposit, bank account or bankcard, will be required. There are safety factors…
SSA Making Processing Claims Safer
Social Security recently announced required in person identity proof for those applying by telephone. There was such a reaction from the public, especially concerning elderly or disabled persons difficulty in getting to an office, that the policy has been modified…
When is Medicare Part A free?
For most seniors, the FICA payroll tax they pay when working includes an amount for Medicare’s “Part A” – which is Medicare coverage for inpatient hospitalization services. Those payroll contributions, made for at least 10 years of working, result in…
Don’t Lose your Social Security Disability Income (SSDI)
Getting approved for Social Security Disability Income (SSDI) can sometimes be an arduous task. About 2/3rd of all SSDI applications are initially denied, which may mean an appeal process must be used. Then, even if approved, there is a 5…
About Claiming Social Security Early
One of the most frequently asked questions at our AMAC Foundation Social Security Advisory Service is “when is the best time to claim Social Security?” Our answer, of course, is “It depends.” It depends on your financial need, your health…
How Safe Are your Social Security Benefits?
Well, if you listen to all of the media reports these days, you might very well be concerned amount the safety of this crucial senior benefit program! On any given day, you may read about how “Social Security is going…
Social Security promise – broken, or not?
During the recent election cycle, all candidates promised that Social Security “would not be touched.” That included President Trump, who committed that he would not “touch” Social Security. But with the recent events associated with the Department of Government Efficiency…
Ask Rusty – Will My Social Security Increase if I Keep Working After Applying?
Dear Rusty: I am going to be 67 in a few weeks & I plan on working for another year or two. According to Social Security, they count the best 35 years to come up with your benefit. I currently…