AMAC Foundation
Social Security: Knowledge is key!
Here at the AMAC Foundation’s Social Security Advisory Service, we routinely answer questions from those about to retire and claim Social Security and, as a non-profit entity, we do so for free. Our advice is based upon both formal education…
Do You Have a Backup Plan?
If you watch this website with any regularity, you are aware that Social Security, which is an important source of income for so many American seniors, will be facing financial difficulties in less than a decade. We frequently post various…
Is Social Security Going Broke?
Well, no, it is not. But it is facing some serious financial issues which will come to a head in about 8 years, unless Congress acts soon to reform the program. Fact is, Social Security spends more money than it…
Straight Talk about Social Security
Persistent emails to the AMAC Foundation’s Social Security Advisory Service accuse various politicians of squandering Social Security money for other, sometimes nefarious, political projects. The AMAC Foundation has exhaustively investigated this accusation and found it to be a myth –…
About Medicare Fraud and Waste
No cuts to the national Medicare program are included in the “one, big, beautiful bill” now being deliberated by the U.S. Senate (the bill has already passed in the House). But, as reported yesterday (see this), if the Senate uncovers…
Will Social Security Disappear?
Well, no – it will not. But there is the problem that Social Security’s annual cost is more than the income it receives from working Americans, and income taxes on SS benefits, and interest from reserves held in the Social…
Updated “Who’s Who in Social Security” Now Available
The AMAC Foundation’s editorial staff published the 2025 edition of its “Who’s Who in Social Security” last week, a guide to the array of professional organizations providing input on the future of this venerable program. This publication is designed to…
Potential Social Security Cuts
An ideal retirement is having enough money to live comfortably. Many depend on Social Security and have little to nothing else in income. As we edge closer to the Social Security Trust Fund becoming insolvent many are becoming concerned about…
History of HR 82, The Social Security Fairness Act
H.R. 82 was signed into law by President Biden on January 5, 2025. This repealed two Social Security rules known as the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These rules were enacted in 1977 and 1983.…
Another change to Social Security Rules
The rules regarding Social Security overpayment have changed again. Until 2024 100% of a recipient’s benefit was held back until the overpayment was recovered. That left some retirees with no income, which was highly criticized. In 2024 the amount was…