seniors
The Clock is Ticking for Social Security Solvency
Lest we forget, this article provides an excellent treatise about Social Security’s looming financial issues, now forecast to come to pass in about six short years. Don’t panic! That doesn’t mean that Social Security is going away (as in “bankrupt)…
Using your online “my Social Security” account
For many seniors, using today’s digital tools can seem intimidating. The internet feels like an alien presence, fraught with lurking dangers we don’t care to be exposed to. But the Social Security Administration has gone to great lengths to make…
Increasing your Monthly Social Security Payment
Well, who doesn’t want more in the monthly Social Security check? Very few, of course, and there are a few ways to increase your SS payments. This article describe a few “lesser known” rules which you can use to get…
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senior citizen who choses to work after claiming early SS benefits, the so-called “Retirement Earnings Test” is an outdated Social Security rule which is rightly being considered for elimination.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…