Latest News
WEP/GPO Elimination Bill Reintroduced
Sens. Sherrod Brown (D-OH) and Susan Collins (R-ME), along with 31 bipartisan cosponsors, on March 1, 2023 reintroduced the Social Security Fairness Act reintroduced in Senate (S. 597). As in its predecessor bills in earlier Congressional sessions, the bill is…
Scammer Alert: Some Tests to Identify the Imposters
Scammers are active all year round, and now that Social Security is garnering more and more attention in the media, you can expect to see an upswing in the months ahead. You’ll also see some novel approaches to bilking you…
The Potential Cost of “Kicking the Can”
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a post on DallasNews.com, echoes what many have been saying for years…the longer action is deferred on resolving Social Security’s long-term financing problem, the more painful the corrections…
Dealing With the Social Security “Running out of Money” Rumor
Our Social Security Advisory staff here at the AMAC Foundation deals with this rumor–and many others–week in and week out. The answer to the question of “Is Social Security going bankrupt?” is a simple “no,” as highlighted in a post…
The Logic Behind Raising the Full Retirement Age
Although it appears to be developing into somewhat of a political football, the issue of increasing the Social Security full retirement age has a rational perspective. A recent forbes.com post by senior contributor Chris Carosa takes a look at the…
Social Security’s Lump-Sum Payment Provision
Marcia Mantell, RMA®, NSSA®, in a post on thestreet.com, provides a bit of history associated with Social Security’s often misunderstood lump-sum benefit provision. Her post explains the 6-month lump-sum payout available to claimants electing to start their benefits at (or…
Taking a Look at Secure 2.0 and what the Provisions Mean to Some Seniors
The Secure 2.0 package signed into law kast December has several key provisions intended to aid seniors in the management of their retirement finances. One of the basic features is a delay, for those turning 72 this year, of the…
Claiming Benefits Early…Sometimes There’s a Good Reason
For those approaching the early age for Social Security retirement benefits, it can be a big decision, especially for anyone struggling to remain financially afloat. Waiting beyond the earliest available filing age, of course, results in a slightly higher check…
Biden Looks to Taxation to Extend Medicare Solvency
The White House, in its budget plan scheduled to be released Thursday, is reported to be proposing an increase and expansion of the tax assessments faced by Americans earning more than $400,000. As reported in a New York Times article…
“Leaked” Thoughts on Social Security Reform
The Motley Fool’s Keith Speights, in a post on their website, reports on a series of ideas reportedly being discussed by several lawmakers with respect to Social Security reform. First on his list is the controversial thought of changing the…