Headlines
The Social Security Fairness Act – Patience is suggested
With the enactment of H.R. 82 – the Social Security Fairness Act – many are wondering what affect, if any, this new law may have on their personal Social Security benefit. For starters, you should know that unless you have…
2025 COLA – 2.5% implies inflation is easing, but buying power hasn’t improved!
Following the COLA increases Social Security recipients received in the past several years (8.7%, 5.9% and 3.2%), this year’s cost of living adjustment seems paltry. Actually, it is more of a return to normal, because the average annual COLA over…
The “Social Security Fairness Act” ushers in Changes to Social Security for many
With great fanfare (and some dissention) Congress recently passed, and President Biden signed, the Social Security Fairness Act (H.R. 82). Enactment of H.R.82 will result in increased Social Security benefits for many whose benefits were previously reduced because they had…
Explaining the 2025 Full Retirement Age Change
You’ve probably seen a flurry of media accounts about the New Year bringing a change to the Social Security full retirement age (FRA). While it’s true that the coming year will set a new marker for those born in 1958…
AMAC Foundation Assists Major News Organization
The 11th-hour Congressional approval of The Social Security Fairness Act—House Bill HR 82—has generated a burst of attention across the media, with dueling positions either supporting the decision or speaking out against it. In the middle of the controversy is…
Changes to retirement savings in 2025
With the new year starting and soon a new administration, what will this mean for retirement savings? Will Americans be encouraged to save more for retirement, and will new laws be passed to incentivize investment in 2025? Lynn Cavanaugh asked…
When will HR 82 be signed?
According to a Facebook post by the National Fraternal Order of Police, President Biden may sign the Social Security Fairness Act on January 6th, but this has not been confirmed. The Social Security Fairness Act will repeal the windfall elimination…
WEP-GPO Repeal: The Easy Way Out?
The Senate and House of Representatives have blessed the Social Security Fairness Act, and final enactment into law rests with President Biden. While he’s expected to sign the bill, there is a bit of speculation about the impact it will…
Age 65 Retirement: Questioning an Old Norm
For the first five decades or so, age 65 was considered the default retirement age. It was the age at which you would receive the full retirement benefit calculated based on your earnings record. That all changed with the 1983…
What To Expect in 2025 for Social Security
Newsweek reports here that as the new year approaches, retirees and other Social Security recipients should be aware of several changes to benefits and services provided by the Social Security Administration (SSA). Not only are benefits boosted 2.5% but the…