Headlines
Know Your Social Security Act aims to reinstate mailing Social Security statements
The Social Security Administration used to mail workers annual paper statements, but that tradition stopped in 2011. Now, paper statements are mailed only to individuals ages 60 and up who have not created an online account. A bipartisan bill was…
Are you at risk of reducing your Social Security benefits?
For many Americans the single most important source of income in retirement is their Social Security benefits. Social Security is essential for most retirees to maintain their standard of living; however, many people inadvertently do things that reduce the amount of…
Social Security tips for the new year
The more you know about Social Security, the more likely it is that you’ll make an informed decision on when to claim your benefits. Interestingly, a majority of people claim benefits before they have reached their full retirement age (FRA)…
Debunking persistent Social Security myths
In this MarketWatch article, highly respected Social Security expert Devin Carroll takes on seven of the most persistent myths about America’s most important senior benefit program. These myths are frequently seen on social media or in chain emails decrying how the government has…
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…