In 2013, AMAC—The Association of Mature American Citizens—took a big step with the creation of the AMAC Foundation, Inc., a registered 501(c)(3) non-profit entity designed to serve Americans. The Foundation’s mission is to help protect and ensure the financial security, health, and social lives of current and future mature Americans, and to help Americans navigate the bewildering array of decisions they need to make.
The Foundation’s projects and plans include providing factual information that improves understanding of the positive value of Social Security and Medicare and the current and long-term challenges these programs face, as well as providing interpretations by Certified Social Security Advisors through AMAC publications, workshops, webinars, podcasts, and telephone support.
In addition, the Foundation serves all Americans in a variety of capacities, including provision of a source of education on the principles of American Free Enterprise, long-term retirement financial planning, and preparing for life—and potential employment—after retirement.
We invite you to learn more about the Foundation and its operations at www.AmacFoundation.org
Very few people have taken the time to understand our debt based financial system, so they do not have a good plan in place to hedge their income against inflation which has been, over the course of the last 100 years, a loss in the purchasing power of our dollar of about 97% over that time frame. The other problem I see is that retired people have a normalcy bias thinking that because things have been so good for them over their lifetimes (no wars to speak of, and pretty good standard of living even if it has been borrowed), that things will always be that way. History shows that things we take for granted now can easily disappear quickly if one of the bubbles (car loans, student loans, bond market, real estate or corporate debt) bursts. It would be wise to prepare an alternate plan.