Headlines

Social Security’s Uncertain Future Leading to Strategy Changes for Millennials

It’s certainly no secret that the long-term future of Social Security is a little shaky, This should come as no surprise to anyone who’s given thought to how this once predictable component of retirement financial plans will fit into their…

Bipartisan Fiscal Commission Proposal Gets a Nod from House Budget Committee

House Budget Committee Chair Jodey Arrington (R-TX) recently emphasized the importance of moving ahead with legislation to create a bipartisan fiscal commission to address long-term federal deficit reduction, citing the need to focus on all aspects of the country’s finances…

Eliminating Tax-preferred Retirement Savings–A Way to Address Insolvency?

A study published recently by The Center for Retirement Research has called into question the possibility of eliminating “retirement saving tax preferences on employer-sponsored plans” and diverting the increased income tax revenue directly into Social Security to help address the…

When Should You Claim Social Security?

Ahh, the age old question, and the one most frequently asked of the AMAC Foundation’s Social Security Advisory Service – “When should I claim my Social Security?” This Bankrate article by James Royal, Ph.D., explores that question in depth, revealing…

Struggling financially? Here’s how to get help with your Medicare costs

Medicare is not free. Even if you qualify for premium-free Medicare Part A (inpatient hospitalization coverage), there are still copays and deductibles involved. And Medicare Part B (coverage for outpatient healthcare services) always carries a monthly premium ($174.70 for 2024),…

About Fixing Social Security’s Finances

More and more organizations are sounding the alarm – an alarm that the Association of Mature American Citizens (AMAC) has been sounding for years – that Congress must act soon to fix Social Security’s looming financial issues. This InvestmentNews article…

The One Social Security Metric that Doesn’t Change

Most Social Security “metrics” (the various factors which affect your monthly benefit amount and the SS payroll taxes you pay) change each year to account for inflation and changes to the national Average Wage Index (AWI). Inflation, obviously, has an…

Social Security and gray divorce

The divorce rate has doubled since 1990 for Americans over 55. For couples over 65, the rate has tripled. So, what does that mean for your Social Security benefits? For those individuals going through or who went through a gray…

Eliminating 401(k) tax benefits to fund Social Security

We all know the Social Security Trust Fund will be exhausted by 2034 if Congress does nothing, resulting in a 20 percent cut to Social Security beneficiaries, but is there a way to avoid this? According to new research published…

What is your Social Security full retirement age

This year marks the start of the Silver Tsunami, with almost 12,000 people turning 65 daily in the next few years. However, many people are surprised that they have not reached their full retirement age to be able to collect…

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