AMAC Foundation
Jean Chatzky on Social Security and Roth IRAs
Jean Chatzky, the former NBC Today Show financial editor and founder of HerMoney has words of advice for people who are preparing for retirement Jeffrey Quiggle for The Street explains here… Notice: The link provided above connects readers to the full…
Should the Restructuring at Social Security Factor into Your Decision on when to Take It?
There as never been a perfect answer to the question of when to take your benefits. Here at the AMAC Foundation we have told people to avoid letting the political climate affect a decision. The best decision is still what…
Restructuring of Social Security
The Social Security Administration has announce major reductions in staffing and some office closures. They are offering voluntary early retirement and separation incentive payments to their employees. These changes aim to improve efficiency without disrupting Social Security benefit payments. Kailli…
Social Security Working on Correcting it’s Records
Social Security is making progress on updating and correcting it’s database so it will contain accurate and complete records. The agency keeps a historical record of anyone who has ever applied for or received benefits. Over the years the many…
Should You Have Taxes Withheld from Your Social Security Benefit?
Up to 85% of your Social Security benefits can be taxable income. You can use IRS form W-4V to request tax be withheld from your Social Security benefits. This move can help keep you from owing money at tax time.…
Mike Johnson comments on Medicare and Social Security
House speaker Mike Johnson has said the GOP is focused on cutting taxes and improving the federal government’s finances. He also stated that Medicaid, Medicare or Social Security cuts are not part of the recently passed budget. Mandy Tahen for…
A Primer on Collecting Social Security Benefits
You can start collecting Social Security benefits at 62, but it will be 30% lower than if you waited until your Full Retirement Age. For anyone born in 1960 or later your Full Retirement Age is 67. On the other…
HR 82 Retroactive Payments Being Processed
In support of HR82 the Social Security Fairness Act, the Social Security administration has begun processing retroactive payments to over 3.2 million people who had offsets to their benefits because of the Windfall Elimination Provision (WEP) and Government Pension Offset…
Official Press Release on Social Security Savings
Mark Hinkle, Press Officer for Social Security explains how Social Security has identified hundreds of millions of dollars in savings here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
There’s a New Bill in Town
The Social Security Expansion Act aims to change the COLA adjustment calculation from the CPI-W to the CPI-E, which is more in tune with Senior Citizens expenses. It also proposes the Social Security payroll tax be applied to additional earnings…