Headlines
Social Security: The Importance of Understanding the Rules
“Most Americans don’t know what they don’t know about Social Security.” That’s the opening sentence in a post by Forbes Senior Contributor Bob Carlson. And speaking on behalf of the Social Security Advisory Staff here at the AMAC Foundation, we agree…
Dealing With Social Security Myths and Misunderstandings
As we’ve noted often through the years on this website, we routinely encounter persistent rumors and myths surrounding Social Security and its various aspects and operations. Some are easily debunked, as in the case of the “Social Security’s going bankrupt” hysteria,…
The Insidious Effect of Inflation on COLA
Some pundits have long lamented that Social Security’s Cost of Living Adjustment (COLA) simply doesn’t keep up with the actual rising cost of living, especially as relates to healthcare expenses. Case in point: the 2021 COLA increase was 1.3% compared…
Big COLA Increase Next Year?
Pundits seem to be tripping over themselves, breathlessly acclaiming that the Social Security Cost of Living Adjustment (COLA) for 2022 will be the highest in over 10 years. No question that’s great news for those who depend on Social Security,…
How To File A Claim for Social Security Disability
Disability, and the inability to continue working in your chosen profession, adds an emotional dimension to an already difficult physical issue. The good news is that as an American worker, you have been paying into Social Security’s Disability Insurance (SSDI)…
Rest Assured – Social Security Won’t Go Bankrupt
Much information, often inaccurate, flutters around the internet and social media daily about Social Security, both it’s history and it’s future. Young adults, in particular, are skeptical that Social Security will even be there for them when they retire and, thus,…
Social Security Commissioner Saul Fired
In an unprecedented move, President Biden fired Social Security commissioner Andrew Saul on Friday, after Saul refused Biden’s request to resign from his appointed post. Using a previous Supreme Court ruling regarding a different Federal agency as presumed authority, Biden…
CBO’s 2021 Long-Term Projections for Social Security: Additional Information
The Congressional Budget Office (CBO) has published its 2021 Long-Term Projections for Social Security. In place of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that would have…
The decision to pass up larger monthly Social Security payments is a deliberate one
Although Social Security is the primary source of income for the majority of Americans, just 10 percent of non-retired Americans ages 45 and older are planning to wait until age 70, according to Schroders’ 2021 U.S. Retirement Survey. Waiting until…
Americans are worried Social Security will run out of money
According to a recent survey by Nationwide, the financial services company, 71 percent of American adults fear Social Security could run out in their lifetime, and 59 percent fear the pandemic has made the situation worse. It is not only…