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The Commission on Sustaining Medicare and Social Security Act
Congressman Gus Bilirakis has reintroduced the Commission on Sustaining Medicare and Social Security Act. H.R. 9089 would establish an independent, bipartisan commission of experts tasked with identifying solutions to ensure the long-term financial stability of both Medicare and Social Security…
The Social Security Myth that Simply Refuses to Die!
Here at the AMAC Foundation’s Social Security Advisory Service we deal with misconceptions about Social Security nearly every day. These largely include simple misunderstandings about how Social Security works – for example, rules on how benefits are calculated, including retirement benefits, survivor benefits, and,…
The Universal Impact of Social Security Insolvency
Yesterday, the Committee for a Responsible Federal Budget’s (CRFB) Senior Vice President & Senior Policy Director, Marc Goldwein, participated in a discussion relating to CRFB’s “No State Spared: Mapping the Impact of Social Security’s Insolvency.” His comments addressed the interactive…
The Changing Face of Retirement
For years, maybe decades, the common thinking on retirement was that you worked steadily, saved steadily, and when you reached that end-of-career marker — for many, age 65, but now 66 or 67 — you stepped off the treadmill and…
A Frequent Question: How Did SSA Determine My Social Security Retirement Benefit?
One of the more frequently misunderstood items we encounter here at the AMAC Social Security Advisory Service is the belief that retirement benefits are based on one’s last 5 years of earnings. Some say the last 10 years, and some…
A Deeper Look at the Workround on Social Security Benefit Taxation
One of the positives of the One Big Beautiful Bill Act (OBBBA) for millions of seniors was the temporary $6,000 bonus deduction available for tax years 2025-2028. Welcome relief, for sure, and it served to honor–at least in theory and…
Social Security’s Full Retirement Age (FRA)
Once upon a time, there was no mystery about Social Security’s full retirement age – everyone received their full benefit if they claimed at 65, the age set when the program was first enacted in 1935. But way back in 1983, the…
Solving Social Security’s Financial Woes
If you read the news at any level, you are surely aware that the nation’s premier retirement program – Social Security – is facing some serious financial issues in the near future. In fact, the latest report from the Congressional…
Veterans and the “Special Extra Credit for Military Service”
Over the years, here at the AMAC Foundation’s Social Security advisory service, we have fielded many questions from veterans about something known as a “Special Extra Credit for Military Service.” Those who contact us are usually informed of this seemingly…
Is Social Security’s insolvency problem understated?
While analysts and economists anxiously await the “official” 2026 Social Security Trustees report, concerns are being raised about the trajectory of certain key performance indicators. One such indicator is the U.S. population’s fertility rate, a marker of what the future…