Eliminating the Taxable Maximum: An Easy Fix for Social Security? You decide.

During the early months of every year, Social Security solvency conversations frequently single out the provision that exempts wages above a limit—referred to as the taxable maximum—from the FICA/SECA[1] tax assessment. That assessment alone provides more than 90% of the…

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Social Security Solvency News: Cassidy-Kaine “Big Idea” Draws Fire

The issue of Social Security’s rapidly approaching financial disaster–the full depletion of trust fund reserves and the benefit reduction to follow–is (finally) getting increased attention. Many organizations are weighing in with proposals to address the insolvency problem, and lawmakers are…

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Concerns About Social Security Instability Fuel Drop in Retirement Confidence

Given the steadily rising media attention to Social Security’s looming insolvency, it should come as no surprise that workers–and even more so, retirees–are expressing growing anxiety about their ability to manage finances in retirement. A recent study by the Employee…

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Reinforcing the Crusade to Diffuse the Everlasting Social Security Myths

On the heels of yesterday’s headline post on this website, we’re delighted to share with you another enlightening post from Social Security veteran Tom Margenau. Yesterday’s article focused on one of the pervasive myths circulating continuously on social media: the…

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Have politicians “raided” the Social Security Trust Funds? 

The AMAC Foundation has a keen interest in promoting a full understanding of America’s Social Security program and operates a robust Advisory Service featuring a staff of trained and accredited professionals equipped to help seniors navigate the program’s complexities. This interest goes beyond the benefits participants have earned as taxpaying members of…

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“Ask Rusty – Should I collect SS now or wait two years until age 70?”

Dear Rusty: I am 67 and 9 months old, collecting a modest SS survivor benefit with plans to collect my own much larger benefit at age 70.  I was confident this plan was a good one; but recent turbulent events make me…

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