Latest News
Program Integrity Cited as Top Goal in SSA Improvement Efforts
In a recent interview of the Social Security Administration’s education, workforce and income security team director, Elizabeth Curda by Federal News Network, the priorities set for the future under Commissioner O’Malley were assessed, with improving program integrity described as the…
Retirement and Inflation…A Bumpy Road Ahead for Many
So, you’re arriving at the retirement mile marker, and you’re looking forward to kicking back and enjoying the benefits of a life spent participating in the workforce and building a work record for Social Security benefits. For many folks, the…
The Rumor Mill in Action…No, you’re not getting a bonus Social Security Check in June
Several less-than-reputable sources have been trumpeting the rumor that Social Security recipients will be getting a $600–or $638–increase in their benefits this month. Here’s a piece of advice…don’t spend it in advance! In many cases, these types of rumors result…
Another Push for CPI-E
The potential for use of a measurement more reflective of senior spending patterns has been under investigation for some time, and is the subject of pending legislation to adopt this senior-friendly tool. A recent post on planadvisor.com by Paul Mulholland…
Candidate Trump Offers a Glimpse of Potential Tax Strategy
In his June 9 Las Vegas rally, presumptive Republican presidential nominee Donald Trump announced his intent, if elected, to exempt tip income from “federal taxation.” Left undefined, though, is whether he’s referring to federal income tax or FICA tax (the…
The Probability of Retiring (and Living) on Social Security Benefits Alone
The Motley Fool’s James Brumley, in a post on their website, sends a note of caution to those with little (or no) savings but still heading toward their retirement years. On the basic question of whether Social Security will be…
Did You Know You Can Appeal Social Security Denials Online?
Social Security offers you many options to conduct business with us online. Far gone are the days when you needed to visit our offices or call us on the phone to appeal a denial of your disability benefits. Now you…
A Dialog on the Age 62 vs. FRA vs. Age 70 Claiming Question
It’s probably one of the most frequent questions any financial advisor receives: Should I claim Social Benefits as soon as possible or wait? Here at the AMAC Foundation Social Security Advisory Service, we hear it often, and our response always…
Achieving Social Security Solvency…A Political Analysis
Labeling the Biden and Trump positions of Social Security’s problems a “silent admission” they’d let benefits be cut dramatically, Mercatus Center at George Mason University’s Veronique de Rugy examines the options open to the Republican party to advocate meaningful reform.…
Congressional Subcommittee field hearing focuses on WEP & GPO
Friday’s Congressional Subcommittee led by U.S. Sen. Sherrod Brown (D-OH) offered public sector workers an opportunity to express their concerns with Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). The hearing led off with comments from a…