retirement
One Perspective on Social Security and Attaining Wealth
Scott Galloway, New York University and podcaster views the Social Security tax as regressive because of the tax cap on earnings. He suggests that affluent people such as himself should not receive Social Security and that the program should be…
“Original Medicare” vs. Medicare Advantage – A national picture
In this interesting article, a study found that most seniors living in rural areas tend to rely on the federal government’s “traditional Medicare – Part A and Part B” to provide their healthcare insurance, versus opting for enrollment in private…
Declining mortality rates do not bode well for Social Security
“Mortality rates are declining, and living beyond 90 is in reach for many, as medical advancements have made it possible to live longer than ever before.” That statement is the key thrust of this Fortune magazine article about how changing demographics are…
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…
When Is the Right Time to Retire?
Ah, retirement! That wonderful time of life that we dream about all during our working years, but which also presents a dilemma as we approach the end of our working career. When is the right time to retire? Do we…
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…
“Anti-Fraud” screening at Social Security eases need for in-person identity checks
In what appears to be a concession due to public outcry over the need to visit a local office to verify identity for some SSA transactions, the Social Security Administration has announced a new “anti-fraud” check which will flag telephone…
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…
Oh no!!! A COLA Forecast Already?
While it is far to early to accurately predict the 2026 Cost of Living Adjustment (COLA) for Social Security recipients, predictions inevitably happens about this time every year. After all, next year’s COLA won’t be known until early-October of this…
Course Correction at the Social Security Administration Sorely Needed
Amid all of the media hyperbole from liberal Democrats in arms about the Department of Government Efficiency (DOGE) and, most recently, about DOGE activities to cut Social Security fraud and waste, comes a reasoned opinion by a respected media executive…