seniors
No Surprise! Most unhappy with their Social Security payments
Although not exactly a blockbuster finding, a recent survey found that by far the majority of seniors are dissatisfied with their monthly Social Security payment. That, of course, is the result of runaway inflation in the past several years, which…
Don’t Obsess over Social Security!
At least one pundit who regularly watches what’s happening with the nation’s most important retirement program isn’t personally obsessing over Social Security’s looming financial issue. The issue at hand is a fact which has been reported by the Trustees of…
Myths – Part II: The Social Security Myth that Simply Refuses to Die!
Here at the AMAC Foundation’s Social Security Advisory Service we deal with misconceptions about Social Security nearly every day. These largely include simple misunderstandings about how Social Security works – for example, rules on how benefits are calculated, including retirement…
Social Security Customer Service: Improving, but slowly.
Since being appointed as the new Commissioner of Social Security, Frank Bisignano is spearheading an intense drive to improve the agency’s customer service. In fact, according to the SSA, service levels have, indeed, improved year-to-year in spite of 70% higher…
What you should know about Medicare
Medicare is the nation’s most important healthcare program. In fact, over 68 million people are now enrolled in this important program, enacted in 1965 by President Lyndon Johnson. But as encompassing and important as Medicare is, it doesn’t cover all…
Social Security Myths and Misunderstandings
Social Security Myths are Pervasive In my efforts to explain Social Security to those who ask questions, it is often necessary to provide information contrary to the questioner’s understanding of how Social Security works. Some folks who write us possess…
Retiring Soon? Suggestions on where to retire.
Retirement is, indeed, a complex decision. Of course, the size of your retirement nest egg is a critical factor, and how much regular monthly income you will need will depend a lot on where you choose to retire. Many will…
Was Income Tax on Social Security really eliminated?
There has certainly been much discussion on this topic since the so-called “one big, beautiful bill” was passed by both Houses of Congress and enacted as law by President Trump. Many, including the Social Security Administration and the Trump Administration…
The Role of Life Expectancy in Retirement Decisions
When contemplating your retirement it is crucial to focus on an important question – “When should I take my Social Security benefits?” While there are a number of factors to consider when making that decision, don’t overlook the role of…
Is the Social Security issue even worse than reported?
The latest (June) report from the Trustees of Social Security predicts that the SS Trust Funds will be fully depleted in 2033, unless Congress acts soon to reform the program. But, according to at least one retirement research outfit, the…