AMAC Foundation
Are you Single? Thinking about when to start your benefits? Here are some things to think about.
As a single person, your Social Security benefit is based solely on your lifetime earnings, and no help from a spouse. It is very important that you determine how heavily dependent you will be on your Social Security benefits. For…
Unpaid Student Loans Can Be Deducted from Social Security Benefits.
Beginning May 5th, 2025, if you are behind on your Student Loan payments, you can have 15% of your Social Security benefit withheld until it is repaid. You need to make a payment plan arrangement before May 5th, 2025, to…
Social Security is Changing…Here Are Some Thoughts on How to Keep Ahead of What’s Happening
As noted in an earlier article today, some pretty significant changes have been implemented so far this year in the world of Social Security. And if you read between the lines, you’ll no doubt realize that there’s more to come…much…
Critical Details to Know About Spousal Benefits
Anyone approaching Social Security eligibility faces several key decision points, most of which have long-term implications for their later years. Couples reaching this stage have a specific set of parameters they need to understand clearly, from determining eligibility to assessing…
How Proposed Changes to Social Security could affect Insolvency Date
President Trump wants to eliminate taxes on Social Security benefits, overtime pay and tips. The downside of this change is that the Social Security trust fund would run out of money three years earlier than originally projected. Trevor Jennewine for…
Fact Checking Biden’s Speech on Social Security
Former President Biden made several misleading claims in his recent speech in Chicago at the Advocates, Counselors and Representatives for the Disabled conference. Lori Robertson for FactCheck.org explains here… Notice: The link provided above connects readers to the full content of…
Could COLA be Affected by Tariffs?
Millions of people rely on Social Security to help make ends meet. Each year inflation is measured by comparing third quarter numbers with the third quarter numbers from last year. This is what determines the amount of the Cost of…
Social Security Complications as a result of the Fairness Act
The Fairness Act was the largest change to Social Security in decades. The chaotic process that preceded the bill being passed and the fact that Congress failed to fund the additional administrative costs of processing the change has added to…
Should Social Security look more like Australia’s Retirement Plan?
There are numerous ideas circulating about reforming Social Security. BlackRock CEO Larry Fink suggests examining how Australia approaches it. Employers contribute 11.5% of each employee’s salary to their “superannuation” account. Employees have the option to contribute. Employees decide how their…
Social Security Administration Communication
Recently rumors have been circulating saying that moving forward Social Security will communicate exclusively on X (formerly Twitter). Meghan Bragg for Verify has reported that this is false. Social Security will continue to communicate through all mediums. Read here… Notice:…