Headlines
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…
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…
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…
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…
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…
How Social Security could change your future
It’s essential to recognize that Social Security is designed to replace approximately 40 percent of the average worker’s pre-retirement income. However, approximately 21.8 million seniors rely solely on Social Security for their income, while nearly three-quarters of seniors depend on…
The Case for Lifetime Income
Although retirement savings have grown, most systems still leave individuals to manage the risk of outspending or outliving their savings on their own, according to the “The Case for Lifetime Income” research paper by the Prudential/Global Aging Institute. “Retirement security…
Is a cap on Social Security benefits the answer
The Committee for a Responsible Federal Budget (CRFB), a nonprofit organization dedicated to educating the public on issues related to significant fiscal policy, has published a white paper calling for legislation to limit the highest payouts to wealthy beneficiaries in…
Is claiming Social Security 65 right for you
You can apply for Social Security retirement benefits starting at age 62, with the option to delay until age 70 to increase your monthly payments. Filing at age 62 results in a permanent reduction of your monthly benefit compared to…
Demystifying When to Claim Social Security Retirement Benefits
Claiming Window is 8 Years Long Perched high on our list of Frequently Asked Questions is this: “When should I claim my Social Security retirement benefits?” That’s not surprising, since there is an 8 year window, starting at age 62 and ending at age…