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Independence Day Greetings from The AMAC Foundation!
The Editorial Staff at the AMAC Foundation’s Social Security Report extends to you a sincere and heartfelt wish for a safe and peaceful Independence Day Holiday. This mid-week break in the hectic pace of all of our lives is an…
2019 Might be the Year of Action on Some Retirement Fronts
According to a post on Pensions & Investments, 2019 looks like it may be a year of action in several areas related to retirement reform. Speaking at a Kohler Retirement Plan Advisor Conference last week in Wisconsin, several high-powered speakers hinted…
Another Look At the COLA Argument
The Motley Fool’s Sean Williams, in a post on fool.com, examines the nagging disconnect between Social Security’s Cost-of-Living Adjustments (COLAs) and the purchasing power of benefits paid to seniors. Williams cites statistics provided by The Senior Citizens League (TSCL) that illustrate…
Explaining Social Security’s “do-over” option
Few would argue that Social Security is not included in the list of most important social benefit programs available to America’s senior citizens. The fact is that over 62 million Americans rely heavily on Social Security, with some of them…
Congressman says “Protect Social Security & Medicare”
New York Congressman Tom Reed, speaking about the recent Trustees’ Report on the health of America’s Social Security and Medicare programs, urged Congress to work together in a bipartisan reform effort to ensure both programs “are available for generations to come”. …
Social Security: Will it Be There For Me?
The Transamerica Center for Retirement Studies recently published its report titled “A Compendium of Findings About American Workers,” and the results speak volumes on the workforce’s need for assurances about Social Security’s future. “Most workers are counting on Social Security as a meaningful…
When should I take Social Security? On-line calculator tools can help
The age at which an individual begins Social Security benefits is a deeply personal and somewhat complex one, that includes considering family health history, current income, future life expectancy, and so on. Learn more about Social Security calculators, tools that have…
Thinking about taking retroactive Social Security benefits? Think again
As most of those eligible for Social Security know, your “full retirement age” is when you will get 100% of the benefit you have spent a lifetime earning. Full retirement age today is somewhere between 66 and 67, depending upon…
Fixing Social Security: It’s up to the voters
It should be pretty obvious as we watch how Congress works that politicians aren’t problem solvers, they’re consensus builders. So how can we expect them to fix Social Security’s financial dilemma in a political climate where both parties appear to…
How to cope with Social Security’s “worst case scenario”
It’s surely no secret by now that Social Security is faced with financial difficulties in the future unless Congress acts soon to either improve revenue, cut costs, or a little of both. Starting this year, Social Security will actually be…