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Should the Restructuring at Social Security Factor into Your Decision on when to Take It?

There as never been a perfect answer to the question of when to take your benefits. Here at the AMAC Foundation we have told people to avoid letting the political climate affect a decision. The best decision is still what…

Restructuring of Social Security

The Social Security Administration has announce major reductions in staffing and some office closures. They are offering voluntary early retirement and separation incentive payments to their employees. These changes aim to improve efficiency without disrupting Social Security benefit payments. Kailli…

Should You Have Taxes Withheld from Your Social Security Benefit?

Up to 85% of your Social Security benefits can be taxable income. You can use IRS form W-4V to request tax be withheld from your Social Security benefits. This move can help keep you from owing money at tax time.…

Mike Johnson comments on Medicare and Social Security

House speaker Mike Johnson has said the GOP is focused on cutting taxes and improving the federal government’s finances. He also stated that Medicaid, Medicare or Social Security cuts are not part of the recently passed budget. Mandy Tahen for…

A Primer on Collecting Social Security Benefits

You can start collecting Social Security benefits at 62, but it will be 30% lower than if you waited until your Full Retirement Age. For anyone born in 1960 or later your Full Retirement Age is 67. On the other…

Official Press Release on Social Security Savings

Mark Hinkle, Press Officer for Social Security explains how Social Security has identified hundreds of millions of dollars in savings here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for…

There’s a New Bill in Town

The Social Security Expansion Act aims to change the COLA adjustment calculation from the CPI-W to the CPI-E, which is more in tune with Senior Citizens expenses. It also proposes the Social Security payroll tax be applied to additional earnings…

Gen X Workers – What to Know about Social Security before Retirement

Those born between 1965 and 1980 are next in line for reaching Social Security benefit eligibility. Kaley Hagen writing for The Motley Fool, published by USA Today explains important points here… Notice: The link provided above connects readers to the full…

Are Cuts to Social Security Part of the New Budget Bill?

House Speaker Mike Johnson says no. The GOP is focused on cutting taxes and improving the government’s finances. Social Security is going to be restructured because DOGE has uncovered “enormous amounts of fraud, waste and abuse” in the program. This…

Looking Hard at Social Security Reform

This article by J.D. Tuccille for “reason” explains some tough moves that could change Social Security. Read here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens (AMAC, Inc.) believes Social Security must…

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