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Achieving a better distribution of Social Security benefits
In the continuing discussion of the best way to solve Social Security’s financial shortfall, Alicia H. Munnell argues that a key goal should be achieving a more equitable distribution of benefits, not just closing the funding gap. To judge fairness,…
Questions that policymakers should answer on Social Security
Without congressional action, the Social Security Old-Age, Survivors, and Disability Insurance Trust Fund (OASDI) will be depleted in 2034, according to the 2026 Social Security Trustees Report. The incoming revenue will be sufficient to cover only 78 percent of benefits…
AMAC’s Partnership with Social Security Administration: An Evolving Collaboration
Over the past few months, AMAC and Social Security Administration (SSA) officials have interacted extensively in an ongoing collaboration that is bearing fruit for members. Earlier this year, after an introductory virtual visit with Social Security Commissioner Frank Bisignano, SSA…
The Commission on Sustaining Medicare and Social Security Act
Congressman Gus Bilirakis has reintroduced the Commission on Sustaining Medicare and Social Security Act. H.R. 9089 would establish an independent, bipartisan commission of experts tasked with identifying solutions to ensure the long-term financial stability of both Medicare and Social Security…
The Social Security Myth that Simply Refuses to Die!
Here at the AMAC Foundation’s Social Security Advisory Service we deal with misconceptions about Social Security nearly every day. These largely include simple misunderstandings about how Social Security works – for example, rules on how benefits are calculated, including retirement benefits, survivor benefits, and,…
The Universal Impact of Social Security Insolvency
Yesterday, the Committee for a Responsible Federal Budget’s (CRFB) Senior Vice President & Senior Policy Director, Marc Goldwein, participated in a discussion relating to CRFB’s “No State Spared: Mapping the Impact of Social Security’s Insolvency.” His comments addressed the interactive…
The Changing Face of Retirement
For years, maybe decades, the common thinking on retirement was that you worked steadily, saved steadily, and when you reached that end-of-career marker — for many, age 65, but now 66 or 67 — you stepped off the treadmill and…
A Frequent Question: How Did SSA Determine My Social Security Retirement Benefit?
One of the more frequently misunderstood items we encounter here at the AMAC Social Security Advisory Service is the belief that retirement benefits are based on one’s last 5 years of earnings. Some say the last 10 years, and some…
A Deeper Look at the Workround on Social Security Benefit Taxation
One of the positives of the One Big Beautiful Bill Act (OBBBA) for millions of seniors was the temporary $6,000 bonus deduction available for tax years 2025-2028. Welcome relief, for sure, and it served to honor–at least in theory and…
Social Security’s Full Retirement Age (FRA)
Once upon a time, there was no mystery about Social Security’s full retirement age – everyone received their full benefit if they claimed at 65, the age set when the program was first enacted in 1935. But way back in 1983, the…