Headlines
Concerns Expressed Over “TRUST” Act
Advocates for Social Security expansion have voiced concerns about the recently introduced “Time to Rescue United States’ Trusts (TRUST) Act” (see yesterday’s headline post on this site), suggesting that the approach outlined in the ACT’s design could bypass the normal legislative…
Proposed Action on the Social Security Solvency Issue
U.S. Senator Mitt Romney (R-UT), joined by a bicameral group of 16 Senators and House Representatives, introduced the “Time to Rescue United States’ Trusts (TRUST) Act,” outlining its focus to “create a process to rescue the endangered federal trust funds and rein…
Pandemic Effects on Retirees: Somewhat of a Mixed Bag
The job-related impact on older workers appears to have been more severe than the effects felt in younger segments of the workforce, as explained today in a startribune.com post by NerdWallet’s Liz Weston. “Older workers lost jobs faster and returned…
Social Security PLUS – The Time is Now
News stories of people caught completely off guard with no savings when the pandemic hit were aplenty. But a year later stories are now being written that show many Americans flush with cash after little to spend their money on in…
WEP & GPO: The twins that eat Social Security checks
Mike Causey, a senior correspondent for Federal News Network, writes about federal pay and benefit issues. He tackles what he calls the twin villains in this piece– the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). He explains the…
Rethinking Social Security – Without Higher Taxes
AMAC’s National Spokesperson, Bobby Charles, laments that few politicians want to touch Social Security. With all the talk in the Biden Administration about tax increases, this piece from 2019 is being republished in its entirety here as way to get…
Did Congress steal Social Security money? NO!
It’s one of the most pervasive myths pertaining to Social Security– that Congress stole program funds for wars, social welfare spending, or a host of other programs. As such, we are republishing a piece about this urban legend gone wild here, though…
Required Minimum Distributions & Social Security
Required Minimum Distributions (RMDs) are the one drawback to retirement plans like the 401k and traditional IRAs. While the law was recently changed to increase the age that RMDs must begin to 72, the distributions can push people’s income up…
Reflections About Social Security’s Early Days
Tom Margenau, an always entertaining long-time employee of the Social Security Administration, is now retired but still dispensing his knowledge in a weekly column about Social Security. Tom’s articles usually offer sage advice about Social Security’s myriad rules and regulations and how they…
Check Your Social Security Knowledge With This Quiz
A recent study of future Social Security beneficiaries revealed that those approaching retirement are surprisingly uninformed about how Social Security, a program which will probably be a major source of their retirement income, actually works. Indeed, in the quiz conducted…