Latest News
Working & Collecting Social Security? Some Things to Know
2024 is just around the corner, and with it comes changes to the Social Security program, several of which are of particular interest to those who are collecting benefits before their full retirement age (FRA) and are also working. First…
Four Key Moments from the Ways and Means Social Security Subcommittee Hearing on Improper Payments
WASHINGTON – With $16 billion in improper payments over the last five years, beneficiaries living on fixed incomes who rely on Social Security for their livelihood face challenging outcomes where they may receive less than they are owed or are overpaid…
Retirement Planning: Thoughts to Help Avoid the “Financial Vortex”
In a post on BusinessInsider.com, contributor Cork Gaines explains how Goldman Sachs views the absence of effective retirement planning can spawn a “financial vortex” that can create havoc for future retirees. The term “vortex” is frightening to many, since it…
Not Everybody Receives Social Security
Many believe that Social Security is universally available to those reaching retirement age. Not so, says a post by The Motley Fool’s Kailey Hagen in a recent post on their website. She examines three separate examples of three cases in which…
COLA’s Impact on SNAP Benefits…a Bit of a Challenge?
The 3.2% cost-of-living adjustment (COLA) announced for January 2024 is certainly a welcomed boost for Social Security recipients. But as everyone knows, it only allows for catching up on price increases that have already happened, and the process as applied…
The “Average” Social Security Benefit…For What It’s Worth
It’s fairly typical for people to want to see where they stand in relation to those around them, and when it comes to looking at Social Security benefits, that’s probably true. A post today by The Motley Fool’s Maurie Backman…
Thoughts on Avoiding the Tax Bite on Social Security Earnings
It should not come as a surprise to new Social Security beneficiaries, and it’s certainly not news to more than half of the beneficiary population already enduring the pain that comes with seeing as much as 85% of that earned…
Clearing Up the Rumors on Veterans Benefits, As Well as a Rumor on Prisoner Benefits
One of the more persistent rumors we hear about at the AMAC Foundation Social Security Advisory Service involves the belief that Veterans are missing out on extra Social Security benefits earned as a result of their service. As Social Security…
Stimulus Payments Surface as Another Factor in the “Clawback” Debacle
Amid rhetoric and Congressional oversight reviews of the Social Security Administration’s movement to recover benefit overpayments amounting to more than $26 billion, there’s a new wrinkle. Reports are surfacing of beneficiaries receiving letters requesting repayment of benefits caused by misunderstanding–or…
Deteriorating Faith in U.S. Retirement System Shows Up in Global Study
The newest version of the Mercer CFA Institute Global Pension Index puts the U.S. Retirement system at a mediocre C+ rating, ranking 24th out of the 47 countries included in the ranking. In an article by MoneyWatch reporter Aimee Picchi…