Headlines
Seniors Weigh-In on Need for Social Security Reform
Using terms like “skimping so much,” “watching where the pennies go,” and “my Social Security benefit is far too low to cover my monthly expenses,” Seniors participating in a House Ways and Means Social Security subcommittee meeting this week expressed their…
“Strengthening Social Security For Widows Act” Introduced
Rep. Tom Reed (R-NY 23) yesterday introduced the “Strengthening Social Security For Widows Act,” a bill intended to enhance the benefit available to a surviving spouse. Under current Social Security rules, the survivor would receive the larger of the two benefits…
COVID-19 and Retirement Plans…Rethinking the Future
COVID-19 has wreaked havoc on the economy in general, and it’s also devastated the personal financial situation of many individuals and families. Those are both understatements, for sure, but in addition to the immediate damage, it’s become obvious that the pandemic has also…
Another View on Social Security’s Solvency
Yesterday’s headline post offered conjecture that the expected depletion date for Social Security’s trust fund reserves might not be as close as many analysts and pundits feared. What had been thought by some to be full depletion as early as…
Social Security After COVID-19: An Improved Outlook?
Although the 2035 timeframe for full depletion of the Social Security Trust Fund reserves remains the current projection of record, and since the Social Security trustees have not yet released an update for 2021, it’s starting to look like the much-feared…
Debunking Social Security Myths
At The AMAC Foundation we regularly hear from people upset about something they’ve heard (usually on the internet) about Social Security, and we just as regularly offer a response correcting the misinformation they’ve quoted. Unfortunately, many myths about Social Security persist, including that…
Winning A Social Security Disability Claim
Statistically, about 2/3rds of all initial claims for Social Security Disability Insurance (SSDI) benefits are denied, often because of an incomplete or carelessly done application. That doesn’t mean the claimant isn’t entitled to disability, and thankfully there is a multi-level…
The Case for Claiming Social Security at 62
When to claim your Social Security benefit is on the minds of almost everyone approaching their 60s, and many know that age 62 is when you can first apply. But whether that’s a wise move or not, considering that your…
Things to Know Before Claiming Social Security
One of the most frequently asked questions to The AMAC Foundation’s Social Security Advisory service is “when should I claim Social Security?” It’s a simple question but one for which the answer is that it always depends on your personal…
Filing for Benefits, Even if an SS Agent Says You Shouldn’t
Here at The AMAC Foundation’s Social Security Advisory Service, we regularly hear from people who have been given incorrect information by an agent at the Social Security Administration (SSA). That’s not meant to denigrate the agency, but rather to highlight…