Social Security
What Affect will Tariffs have on Next Year’s COLA?
The Cost of Living Adjustment (COLA) is a measure of third quarter inflation from one year to the next. With tariffs in play inflation could be increased or decreased. Which way will it swing? Sean Williams for The Motley Fool…
Switching Social Security payments to Direct Deposit: Paper checks have disadvantages
Susan Tompor for Detroit Free Press warns about listening to advice on Facebook regarding handling your Social Security payments. As of September 30th having some type of electronic deposit, bank account or bankcard, will be required. There are safety factors…
SSA Making Processing Claims Safer
Social Security recently announced required in person identity proof for those applying by telephone. There was such a reaction from the public, especially concerning elderly or disabled persons difficulty in getting to an office, that the policy has been modified…
Declining mortality rates do not bode well for Social Security
“Mortality rates are declining, and living beyond 90 is in reach for many, as medical advancements have made it possible to live longer than ever before.” That statement is the key thrust of this Fortune magazine article about how changing…
An Idea to Save Social Security Money
In this piece by a prominent Social Security disability executive, an opinion is offered for how to save about $400 billion of Social Security’s money. The opinion offered describes the Social Security disability program known as “SSDI” (Social Security Disability…
Don’t Lose your Social Security Disability Income (SSDI)
Getting approved for Social Security Disability Income (SSDI) can sometimes be an arduous task. About 2/3rd of all SSDI applications are initially denied, which may mean an appeal process must be used. Then, even if approved, there is a 5…
About Claiming Social Security Early
One of the most frequently asked questions at our AMAC Foundation Social Security Advisory Service is “when is the best time to claim Social Security?” Our answer, of course, is “It depends.” It depends on your financial need, your health…
“Anti-Fraud” screening at Social Security eases need for in-person identity checks
In what appears to be a concession due to public outcry over the need to visit a local office to verify identity for some SSA transactions, the Social Security Administration has announced a new “anti-fraud” check which will flag telephone…
How Safe Are your Social Security Benefits?
Well, if you listen to all of the media reports these days, you might very well be concerned amount the safety of this crucial senior benefit program! On any given day, you may read about how “Social Security is going…
Oh no!!! A COLA Forecast Already?
While it is far to early to accurately predict the 2026 Cost of Living Adjustment (COLA) for Social Security recipients, predictions inevitably happens about this time every year. After all, next year’s COLA won’t be known until early-October of this…