The COLA Adequacy Argument and Retirement

The annual cost-of-living adjustment (COLA) applied to Social Security benefits is intended to maintain at least some degree of financial stability for seniors in their retirement years. Good intention, but does it succeed? Many sources suggest it does not meet…

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New Year’s Greetings from the AMAC Foundation!

AMAC Foundation’s Social Security Report editorial staff extends its wishes for a very happy, healthy, and prosperous New Year. We hope that 2026 brings continued progress for our nation and for all of you. Here at the AMAC Foundation, we look forward to…

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Social Security and Income Taxes: Looking Beyond the $6,000 Bonus Deduction

At this point, it’s pretty well understood that the 2025 “One Big Beautiful Bill Act” provides a “bonus” income tax deduction intended to offset (for most seniors) the impact of federal income tax levied on Social Security benefits. It’s also…

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Social Security’s realities can be an eye-opener for some.

“Unfortunately, although many Boomers will rely on Social Security to help them cover essential (retirement) costs, many members of this age group simply don’t know the truth about this benefit program or what it can do for them.” That’s the…

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Social Security and the Federal Payroll Tax 

Nearly all workers pay it, but very few understand it – the Federal Payroll Tax. With few exceptions,[1] everyone who works and earns a paycheck is subject to the federal payroll tax on their earnings. That’s more than 180 million American workers, about 93% of the U.S. non-government workforce. …

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“Ask Rusty – My Wife Believes She Can Get a Spouse Benefit While I’m Still Alive; Can She?”

Dear Rusty: A friend of my wife told her, and she believes, she could receive a Social Security benefit based on my SS benefit that I’m currently receiving while I’m still alive. I told her she could only receive spouse…

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