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Finally, some Congressional Bipartisanship! Will it work this time?
Unless you just don’t watch the news, you are already aware that Social Security is (as has been warned for decades) facing financial difficulties which could culminate in a catastrophic 22% cut in everyone’s SS benefit in about 2033. All…
America’s Retirement Problem: Social Security was built for an economy that now barely exists
Whether or not you like President Trump, you must admit that he does not shy away from using his business acumen to tackle America’s problems. No where is that more evident than the President’s recent mention that he is evaluating…
Time to Pay Attention to Social Security’s Financial Issues
In this US News & World Report article , the author describes a dichotomy - Social Security recipients will get a benefit increase next year (2027), but the program’s looming financial issues may ultimately lead to smaller monthly payments, and…
Fear Shouldn’t be a Factor When Deciding about Social Security
Here at the AMAC Foundation’s Social Security Advisory Service, we regularly field questions asking when Social Security should be claimed. And, with all the media coverage about potential benefit cuts in 2032 due to the program’s financial reserves being depleted,…
Social Security’s Cost of Living Adjustment (COLA)
We always see early predictions for next year’s cost of living adjustment (COLA) which, of course, will determine how much of an increase we will see in our monthly Social Security payment. However, despite those early predictions, next year’s COLA…
New Social Security card design to commemorate the 250th anniversary of our independence
The Social Security Administration has announced that babies born between July 2 and December 31, 2026 will receive a special and unique Social Security card emblazoned with a “ Freedom 250 “ logo. New Social Security cards are issued to…
Widowed last year? Beware of the IRS’ “tax ambush”
In this very interesting article by a long time Certified Public Accountant (CPA), the author warns of a somewhat hidden IRS “ambush” awaiting those who lose their spouse. Essentially, a surviving spouse goes from filing income tax as a couple…
Improving Customer Service at SSA
Improving customer service and the entire beneficiary experience is definitely a priority for the new Commissioner of the Social Security Administration. And that priority was once again emphasized in the recent announcements about changes to SSA’s operating procedures, designed to…
What do you fear more - Dying or running out of money in retirement?
According to a recent survey of retired seniors, most of us fear running out of money during retirement much more than we fear death! A somewhat stunning 67% of seniors worry more about their financial security than any other issue…
A “Silver Lining” on the horizon for Social Security Beneficiaries?
Lord knows, good news about Social Security is always welcome! Because we so often hear about dark financial clouds hovering over the nation’s most important senior benefit program, positive information is always welcome. And this is the time of the…