seniors
Understanding the Difference between “SSI” and “SSDI” Disability
Using acronyms to identify a type of Social Security benefit can, itself, result in misunderstanding the benefit. For example, many who engage the AMAC Foundation’s Social Security Advisory Service use the acronym “SSI” to mean “Social Security Income” – but…
Social Security: The Mystery of Spousal Benefits
Some things appear to be a “riddle, wrapped in a mystery, inside an enigma”[1], and that certainly seems an apt description of Social Security spousal benefits. Here at the AMAC Foundation’s Social Security Advisory Service, questions about spousal benefits make…
Turning 65? Here’s what to know about Medicare!
Age 65 is a major milestone. It’s not just another age – it’s the age at which the nation’s premier healthcare plan becomes available to you, providing you with healthcare coverage for the rest of your life. But Medicare can…
Eliminating Social Security’s “Retirement Earnings Test”
The bane of many a retired senior citizen who choses to work after claiming early SS benefits, the so-called “Retirement Earnings Test” is an outdated Social Security rule which is rightly being considered for elimination. The “Senior Citizens’ Freedom to…
The Age-old Question: When to Claim Social Security?
This question has perplexed senior citizens for many years: what is the best age to claim Social Security? The confusion is, i expect, the result of several things. First of all, there is an eight year window during which everyone…
Straight Talk about Social Security
Since its 2016 formation, the AMAC Foundation Social Security Advisory Service has answered thousands of questions from those seeking guidance with their Social Security options. Most of the questions have been about personal benefit options (when to claim Social Security and questions about…
How Do the Federal Interest Rates Affect COLA?
The rising cost of gas due to the conflict in Iran is raising the cost of living (COLA). Normally, the Fed cuts rates to stimulate the economy. March inflation rose 3.3% per the Consumer Price Index (CPI), mainly due to…
Social Security Insolvency: The News Got Worse
Many Seniors are already on edge about Social Security! If you pay attention to public media, you are surely aware that the Social Security Trust Funds are forecasted to run dry soon. Last year’s projection by the Trustees of the…
Will the Social Security Earnings Test Go Away?
Addressing an issue which has been a topic of Congressional discussion for quite some time, a legislative proposal known as the 2026 Senior Citizen Freedom to Work Act proposes to eliminate the penalty for those who exceed certain income limits…
Is Social Security Your Only Income?
If Social Security is your only retirement income, you may be eligible for other assistance. If you are disabled or do not qualify for Social Security, you may qualify for Supplemental Security Income (SSI). SSI is not Social Security, but…