AMAC Foundation
About Announced Social Security Changes to Reduce Fraud
There have been many articles published about a recent announcement by the Social Security Administration requiring certain people to provide in-person proof of their identity. Many of the public media accounts have been misleading or confusing, sometimes written with a…
State-by-State Average Social Security Payments
How does your monthly Social Security check compare to others, like you, who reside in your state? Fact is, according to over 75% of those collecting benefits, Social Security is an important part of their retirement income. Indeed, for some…
Dudek Acknowledges Turmoil in Social Security Agency
Leland Dudek admits he has made some mistakes in the shakeup of the agency but will not be deterred from moving forward. He praised employees for continuing to do their jobs. In looking for ways to curtail fraud the agency…
Work has begun on Cleaning Up the Social Security Database
The Department of Government Efficiency has previously stated that over 3 million number holders listed in the Social Security database are over 120 years old. Social Security claimed this was an error in death reporting. The DOGE team has now…
New Identity Check Requirements
As of March 31, Social Security is tightening up on identity checks to help them deal with fraud. Millions of applicants will be required to visit the offices instead of contacting Social Security over the phone. This change will apply…
Private Investment Accounts to help with Social Security Insolvency?
Larry Fink has proposed a reform of Social Security which includes the integration of private investment accounts. Allocating a portion of Social Security taxes into private accounts could improve returns by linking them to financial market gains. Hugh Cameron for…
Ask Rusty – Will My Medicare Premium Change because I Sold Investment Property?
Dear Rusty: I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I turned 62. My…
What is the Status of Social Security?
Social Security’s future has faced turmoil over the last several days after a Feb 28th Press Release announced that it would lay off about 7,000 people. This stirred up concerns on how the staff cuts could impact benefit payments. In…
How will the Trump Administration affect Social Security Insolvency?
Social Security insolvency has been in the news a lot recently. Analysis by the Committee for a Responsible Federal Budget (CFRB) shows the Social Security Trust Fund may become insolvent by 2031, three years earlier than previously projected. Implementation of…
Rick Scott on Social Security Solvency
Social Security forms the foundation of income for retirees, survivors, and the disabled. Rick Scott, Republican from Florida, offers insight into the agency’s future. Social Security must be strengthened by working to eliminate fraud and waste. There will be changes…