seniors
Do you have financial grit?
Do you have financial grit? What is financial grit, and how do I acquire it? According to Daniel Gilham, the managing director of advisor strategy at Farther, “Financial grit is the consistent, relentless pursuit of financial goals. Through economic gain…
The Clergy Act H.R.227
The Clergy Act (H.R.227), if passed, would establish a two-year window for certain members of the clergy and Christian Science practitioners to revoke their exemption from Social Security and Medicare taxes on ministerial earnings. Under current law, individuals who object…
Changing Medicare eligibility to 67
Medicare is the primary form of health insurance for older adults in the U.S. Provided by the federal government, Medicare helps cover the health care costs of people at least 65 years old, as well as those with certain disabilities.…
Social Security was originally intended for retirement
The original purpose of Social Security was to provide economic security for the elderly and protect them from poverty when they could no longer work; however, a recent report shows that many older people report receiving both wages and Social…
Should you sign up for Medicare at 65?
Your Medicare initial enrollment period (IEP) is three months before your 65th birthday, the month of your 65th birthday, and three months after your 65th birthday. However, you may not want to enroll in Medicare when you are 65 if…
This Social Security change is a big milestone for retirees
The year 2026 is a milestone for Social Security. No, I’m not talking about bipartisan legislation addressing the insolvency issue, although that would be nice. I’m referring to another bipartisan piece of legislation, H.R. 1900, the Social Security Amendments of…
Know your full retirement age
You can start receiving your Social Security retirement benefits as early as age 62; however, if you start receiving benefits early, your benefits will be permanently reduced. If you wait until you reach your full retirement age, you will receive…
How Does your Social Security payment compare?
Ever wonder how your monthly Social Security benefit compares to others? For some of us that may make us feel fortunate, and for other not so much so. Fact is, the monthly benefits each of us receive from SS may…
Social Security Reform Options
As the year of reckoning (2033) draws near, many are becoming concerned about the future of America’s most important retirement program – Social Security. The Trustees of the program have warned Congress for decades that Social Security faces insolvency in…
When to Apply for Social Security Spouse Benefits
Here at the AMAC Foundation’s Social Security Advisory Service, we answer thousands of inquiries each year, largely focused on when the questioner should claim their personal SS retirement benefit. And we usually say “it depends” – on each person’s individual…