seniors
Here we go again! Myths About Social Security!
Over the years, I and my AMAC Foundation colleagues have written numerous times about Social Security myths, especially the most pervasive myth of all – that politicians have “stolen” (or otherwise squandered) Social Security money for other purposes. That myth…
Choosing Medicare Coverage? Look beyond the monthly premium
With about 10,000 people each day turning age 65, most are faced with a very consequential decision about their healthcare coverage. The choices are: to enroll in either “traditional Medicare” (with a supplement plan to cover medical costs Medicare doesn’t);…
Should I Claim Social Security at 62?
Sounds like a simple question, right? Well, trust me, there is not really a simple answer to whether you should claim SS at age 62. Of course, age 62 is when you first become eligible for SS retirement benefits, but…
How does your net worth compare to others?
Net worth, retirement savings and debt look very different once retirement begins. Turns out, though, that American’s in the age 65 to 74 age bracket are doing quite well compared to those in other age groups. for example, those in…
Who Are the “Social Security” Police?
Ever wonder if there is a police force which watches the Social Security Administration, and who looks out for the 72 million Americans who rely on this important benefit for retirees, spouses, minor children, and disabled workers and adults? Well,…
Elder Abuse Awareness
Yesterday, June 15th, was “Elder Abuse Awareness Day” at the Federal Government, and the Social Security Administration (SSA) highlighted some important information about elder abuse. SSA is, after all, responsible for helping about 70 million people live outside of poverty!…
The Retiree’s “Fear of Running Out of Money”
When we’ve been conditioned for almost our entire life to save, save, save, for our future retirement, it is hard for most to simply flip the switch to “spend, spend, spend” the nest egg we’ve so diligently accumulated over the…
Four Options for Social Security Reform
There are, of course, a plethora of options for reforming Social Security floating around Washington, D.C. these days, as the urgency of a solution was highlighted once again in the recent release of the SS Trustees’ annual report to Congress.…
Will Congress finally get serious about fixing Social Security?
If you read these pages regularly, you already know that the nation’s premier retirement benefit program – Social Security – is facing some serious financial challenges very soon (e.g., in 2032). We’ve published numerous articles at this site both describing…
Ask Rusty – Why Don’t They Just Create Individual Social Security Accounts?
Dear Rusty: Regarding Social Security’s financial issues, three people contributing to Social Security for every one beneficiary sounds to me like a surplus. If they had given workers their own accounts, similar to a 401k, where they could manage their…