seniors
Is Social Security Going “Broke?”
Despite the assertion in this article’s headline that “SSA Going Broke in 7 Years,” the reality is that no such fate awaits you if you are collecting SS benefits. In other words, you aren’t in danger of your Social Security…
Ask Rusty – If Either of us Die, Will the other Get a Survivor Benefit from Social Security?
Dear Rusty: I am 79. My husband is also 79 and we both receive Social Security benefits. We were both married before, and we married each other at the age of 58. Am I to understand correctly that when either of us dies, the surviving spouse is not…
If only I had Waited Longer to Claim SS
“Hindsight is the best Foresight” As the old adage goes, “hindsight is the best foresight” and nowhere is that more evident than with some we counsel at the AMAC Foundation’s Social Security Advisory Service. We regularly speak with older seniors…
Buried in credit card debt on Social Security?
With prices going up, many seniors are relying on credit cards just to get by, and high interest rates only make it harder to keep up with payments. Angelica Leicht recently wrote an article with tips on how to talk…
Even millionaires fear this in retirement
Many retirees fear that they will outlive their retirement savings and investments. Even millionaires fear that they could possibly outline their savings according to the recent Northwestern Mutual Planning and Progress study. Shelby Fishman, writing for MarketWatch, reports on how…
Retirement on your own terms
The 2026 State of Retirement Planning Study by Fidelity Investments found that over 70 percent of participants are expecting to retire on their own terms in the future. A large number of the participants expect to transition into retirement instead…
The offset to COLA increases
Nearly 22 million seniors get by on Social Security alone. This makes the annual Social Security cost-of-living adjustment (COLA) a mechanism to ensure that Social Security benefits maintain their purchasing power in the face of inflation. The COLA for 2026…
Social Security is six years from insolvency
We keep hearing that the phrase “Social Security Trust Fund insolvency” will happen soon. But most of us tune out the actual timeline of when it will happen. Social Security has six years left, according to the new report from…
Is Medicare Advantage the best option for you?
Medicare Advantage plans provide an alternative to Original Medicare. These plans often bundle Part D prescription drug coverage and may include additional benefits not covered by Original Medicare, such as dental, vision, hearing, or wellness programs. But are they the…
Some retirees won’t be able to take advantage of the new tax deduction
Are there taxes on Social Security benefits is the question that is asked all the time. The One Big Beautiful Bill Act introduced a new tax deduction for most retirees. However, there are certain eligibility requirements that you must meet…