Headlines
Social Security expanding hours and adding staff
The stories are endless and often quite disturbing – how people trying to contact Social Security suffer excruciating wait times, often giving up in frustration, leaving their need unfulfilled or badly delayed. The Social Security Administration has been under considerable…
New: An easy way to report Social Security scams!
At the behest of Congresswoman Susan Collins (R-ME), the Social Security Inspector General’s office (OIG) has released a new online tool to report Social Security phone scams as well as suspected Social Security fraud. In recent years there has been…
Who doesn’t have to pay Social Security payroll tax?
The vast majority of working Americans pay into the Social Security program in the form of payroll taxes, sometimes called SS FICA taxes, or self-employment taxes which contribute to the program’s ability to pay benefits. But, although their numbers are…
Happy Thanksgiving From the AMAC Foundation!
“Perhaps no custom reveals our character as a Nation so clearly as our celebration of Thanksgiving Day. Rooted deeply in our Judeo-Christian heritage, the practice of offering thanksgiving underscores our unshakable belief in God as the foundation of our Nation…
Explaining the annual earnings test
One of the most confusing Social Security rules involves the annual earnings test. The annual earnings test limits how much people who claim their Social Security benefits before their full retirement age can earn from a job without repaying some or…
Taxing high-income households and other plans by Democratic presidential hopefuls.
The topic of wealth tax is becoming the rallying cry during this presidential debate season. Leading Democratic presidential hopefuls are not shy about calling for tax increases on the wealthier or high-income earner to fix Social Security. The attached article…
It’s important for women to understand the rules about Social Security benefits
Because women tend to live longer than men, it’s important to understand the rules about Social Security benefits. Of course, much of your final decision about Social Security will depend on your personal situation at the time of claiming. However,…
The Implications of Raising the Full Retirement Age
As legislators wrestle intermittently with the solvency issues facing Social Security, one of the fixes consistently getting attention is the raising of the full retirement age from 67 to, perhaps, 69. And while some arguments in favor of this move…
Workplace Savings Access–An “Easy Fix” to Long-Term Retirement Funding Crisis
Alicia Munnell, director of the Center for Retirement Research at Boston College, went on record recently with an assessment of optimism for the future of America’s retirement system. Citing the need for broader coverage of workers in savings plans, she suggested…
Realistically Evaluating Your Financial Readiness for Retirement
Approaching retirement can be an intimidating process for many folks. The Olympic Area Agency on Aging’s Director of information and assistance, Mark Harvey, understands this and deals with quite a few folks deliberating on their preparedness to take that step (or…