retirement
Article Paints a Bleak Picture for Social Security Beneficiaries
The issue of Social Security’s annual cost-of-living adjustment (COLAs) not being able to keep seniors abreast with inflation is a frequent topic of discussion in the media. The Motley Fool’s Katie Brockman adds to the rhetoric on this matter with…
Longevity and Its Relationship to Retirement
The 2025 Social Security Trustees Report confirmed that Americans reaching age 65 can expect an average life expectancy of 86 years for females (10% higher than in 1940) and 83.4 years for males (9% higher than in 1940). The report…
Estimated COLA information
The Cost of Living Adjustment is an automatic annual boost to Social Security and other federal benefits. It’s calculated based on the inflation rate this year as compared to last year for July to September. Since the amount of the…
Retirement Savings Improving for many Americans
;After many years of caution from financial experts that most Americans do not save enough for their future retirement, there appears some good news from one of the nation’s top financial firms: that many are taking full advantage of their…
Will Income Tax on Social Security be eliminated?
This, of course, is a burning question on the mind of many who collect Social Security, because it would mean financial relief for nearly all those collecting. Under current law, a portion of one’s Social Security benefits are taxed, if…
How Much Income Will you Need When you Retire?
If retirement is on your horizon, say within the next 5 or 10 years, you may wonder how much income you will need to live comfortably during your so-called “golden years.” And that is an excellent question to be seeking…
Is Social Security really paying dead people?
Well, despite all of the media hype surrounding this allegation, the answer is “no.” Social Security actually has a long-established process for preventing that from happening. That’s not to say that an occasional erroneous payment has never been paid to…
Social Security: Knowledge is key!
Here at the AMAC Foundation’s Social Security Advisory Service, we routinely answer questions from those about to retire and claim Social Security and, as a non-profit entity, we do so for free. Our advice is based upon both formal education…
Do You Have a Backup Plan?
If you watch this website with any regularity, you are aware that Social Security, which is an important source of income for so many American seniors, will be facing financial difficulties in less than a decade. We frequently post various…
Is Social Security Going Broke?
Well, no, it is not. But it is facing some serious financial issues which will come to a head in about 8 years, unless Congress acts soon to reform the program. Fact is, Social Security spends more money than it…