savings
Trustee’s Report confirms: SS Benefit Cuts are on the horizon (unless Congress acts soon)!
The Trustees of Social Security do an annual assessment of the Social Security program’s financial health, and the 2026 report (which reflects status as of the end of 2025) was finally released recently on June 9th. Disturbingly, the program’s financial…
A comfortable retirement is not all about the money
Experts remind us that to have a comfortable retirement, you need to have saved at least $1 million, but is that all it takes to have a comfortable retirement? Some experts forget that your lifestyle plays an important role in…
Simple solutions for regaining financial stability
The latest report from the Transamerica Center for Retirement Studies reports that over 50 percent of retirees say they left the workforce sooner than planned. Even if you retired early by choice, there may be consequences that you were not…
The risk of underspending in retirement
Recent surveys indicate that 58 percent of seniors worry their money won’t last through retirement, and nearly two-thirds of Americans are more concerned about running out of money than dying. However, financial advisors caution retirees not to overcompensate by underspending.…
Do you really need $1m to retire in comfort?
We have all seen headlines stating that to retire comfortably, you need to have saved more than $1 million, but is that true? For most of us, that figure is not attainable, but that does not mean you cannot retire…
Replacement income Social Security will give you
Most financial experts suggest you should aim to replace 70 percent to 85 percent of your pre-retirement income. However, many people overlook the effect Social Security will have on their retirement income. Maurie Backman, writing for The Motley Fool, explains…
Combating Medicare Fraud
Did you know that Medicare fraud, abuse, and errors cost American taxpayers about $60 billion per year? This might be a result of scammers and fraudsters, or simple (or deliberate) mistakes by providers but, nevertheless, the cost to taxpayers and…
Solving Social Security’s Financial Woes
If you read the news at any level, you are surely aware that the nation’s premier retirement program – Social Security – is facing some serious financial issues in the near future. In fact, the latest report from the Congressional…
Thoughts About Spending Your Retirement Nest Egg
Regardless how much you have saved for retirement, when you finally put your work cloths in the closet for good, you’re likely to start worrying about how long your savings will last. That’s a relatively normal concern for most retirees,…
Veterans and the “Special Extra Credit for Military Service”
Over the years, here at the AMAC Foundation’s Social Security advisory service, we have fielded many questions from veterans about something known as a “Special Extra Credit for Military Service.” Those who contact us are usually informed of this seemingly…