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Securing Repayments to Social Security
In its focus on reducing fraud, the Social Security Administration has announced a change in the process used to repay money owed to Social Security. No longer will SSA suggest people to remit payments by mailed checks or by supplying…
Social Security Considerations for those in “The Trades”
Skilled tradesmen are surely in a different category when it comes to deciding when to claim Social Security benefits. Fact is, the body doesn’t always hold up well for those engaged in a career as a skilled tradesman – e.g.,…
Is there a “magic age” to claim Social Security benefits?
With anxiety building over the much-reported depletion of Social Security’s Trust Funds by 2032, many are suggesting that those eligible should claim Social Security as soon as they are old enough to do so. The implication being that if Social…
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 retiring…
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 children through…
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…