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Examining the “Improving Access to Retirement Savings Act”
BenefitsPro contributor John Ruth takes a look at the “Improving Access to Retirement Savings Act” (also known as SECURE 2.0) now moving through Congress, providing a recap of the overall intent of this legislation to address the problem of Americans…
COLA Watch, Part 2
Yesterday, we highlighted the projection that Social Security’s 2022 COLA could spike to a level between 400% and 500% higher than 2021’s 1.3% adjustment. Whether or not this actually happens, though, depends on the CPI-W numbers from third quarter 2021…
COLA 2021 Watch: Way up, but not totally good news
The Senior Citizens League reports that the 2021 COLA percentage for Social Security beneficiaries looks like it’s trending to an above 6% increase at this point. While that’s a welcome boost for cash-strapped seniors–who have realized an average annual adjustment…
Social Security: The Importance of Understanding the Rules
“Most Americans don’t know what they don’t know about Social Security.” That’s the opening sentence in a post by Forbes Senior Contributor Bob Carlson. And speaking on behalf of the Social Security Advisory Staff here at the AMAC Foundation, we agree…
Dealing With Social Security Myths and Misunderstandings
As we’ve noted often through the years on this website, we routinely encounter persistent rumors and myths surrounding Social Security and its various aspects and operations. Some are easily debunked, as in the case of the “Social Security’s going bankrupt” hysteria,…
The Insidious Effect of Inflation on COLA
Some pundits have long lamented that Social Security’s Cost of Living Adjustment (COLA) simply doesn’t keep up with the actual rising cost of living, especially as relates to healthcare expenses. Case in point: the 2021 COLA increase was 1.3% compared…
Big COLA Increase Next Year?
Pundits seem to be tripping over themselves, breathlessly acclaiming that the Social Security Cost of Living Adjustment (COLA) for 2022 will be the highest in over 10 years. No question that’s great news for those who depend on Social Security,…
How To File A Claim for Social Security Disability
Disability, and the inability to continue working in your chosen profession, adds an emotional dimension to an already difficult physical issue. The good news is that as an American worker, you have been paying into Social Security’s Disability Insurance (SSDI)…
Rest Assured – Social Security Won’t Go Bankrupt
Much information, often inaccurate, flutters around the internet and social media daily about Social Security, both it’s history and it’s future. Young adults, in particular, are skeptical that Social Security will even be there for them when they retire and, thus,…
Social Security Commissioner Saul Fired
In an unprecedented move, President Biden fired Social Security commissioner Andrew Saul on Friday, after Saul refused Biden’s request to resign from his appointed post. Using a previous Supreme Court ruling regarding a different Federal agency as presumed authority, Biden…