An Onerous Task for Congress: Social Security Reform

Social Security’s Trust Fund reserves are forecast to be fully depleted by the end of the year 2032. If that happens, everyone then receiving monthly Social Security payments will have those payments cut by an estimated 22%. What would that…

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Resolving an Overpayment of your Social Security Benefits

No one likes to repay Social Security money they have received (and likely have already spent). But mistakes do sometimes happen, usually due to a beneficiary’s lack of knowledge of Social Security’s rules or, sometimes, because the Social Security Administration…

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Social Security Insolvency: An Intergenerational Dilemma!

These days, the media is full of stories about Social Security’s financial status, with much emphasis on possible benefit cuts beginning in about the year 2032. And with that widespread coverage, many are nervous about the nation’s primary retirement program…

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Reform Social Security by Taxing Corporations who use Independent Contractors?

Here at the AMAC Foundation, we are acutely aware that Congress must reform Social Security soon to avoid an across-the-board 22% cut in every beneficiaries monthly SS payment. That was emphatically clear in the recent report by the Trustees of…

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A Social Security Journey with “Ask Rusty” and the AMAC Foundation

The AMAC Foundation[1] is a nonprofit organization dedicated to the support and education of American seniors.  “Ask Rusty” is the Foundation’s popular and nationally syndicated Social Security advice column. Here’s more about the AMAC Foundation’s journey and the “Ask Rusty”…

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“Ask Rusty – Can my spouse file at 63 and then get half of mine when I later claim?”

Dear Rusty: My spouse is 63 and I am 65. I am planning to take my Social Security benefits at age 70. Can my lower earning spouse take his own benefits now, and then – when I take my full…

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