AMAC Foundation
Musk and Social Security
Congress needs to make a Social Security resolution in 2025. The road to insolvency looms closer than ever. Can Musk help this process along? Read this article by Daniel McCarthy for New York Post here… As an example of the…
Will Biden Sign HR 82 into Law?
HR 82, the Social Security Fairness Act, has been passed by Congress and is now sitting on Biden’s desk waiting for a signature for it to become law. The President has until Monday to sign it, which is January 6th.…
A Common Social Security Mistake
It is well known that, if Congress fails to act, the Social Security Trust Fund will be depleted by 2035. This has caused some anxiety among upcoming retirees about when to take benefits. Those who take benefits at 62 are…
Thoughts on Dealing with SSA’s Customer Service Issues
Many know that the Social Security Administration field offices face staffing issues, which creates difficulties for folks who prefer on-site office visits. In the face of that problem, the agency has re-emphasized using online capabilities to conduct many relatively routine…
Still Another Opposing Comment on the WEP-GPO Repeal Effort
Today’s headline article on the march toward a Senate vote on S. 597 (Social Security Fairness Act) presents viewpoints opposite from most of the supporting articles carried on the airwaves over the past several months. That’s to be expected since…
COLA and Your Retirement Plan
James Brumley for The Motley Fool explains the Cost of Living Adjustment. Since it does not keep pace with inflation there are other actions that can be taken to increase your retirement income picture. Taking any small steps is worth…
Will Frank Bisignano Help or Hurt Social Security?
Alessandra Malto for MarketWatch discusses whether or not President-elect Trump’s pick as Commissioner of Social Security will help the agency. On one hand, he is a successful business executive and will be running the business of Social Security so it…
What is the Average Social Security Benefit?
Selena Maranjian for The Motley Fool explains the average Social Security benefit over the years and why it is important to develop other streams of retirement income. Read here… As an example of the leading thoughts on reforming Social Security,…
History of Social Security
Lallan Schoenstein takes a look at the development of Social Security over the years and analyzes where we are today and why we need to protect it. Read here… As an example of the leading thoughts on reforming Social Security,…
Only 9 States Still tax Social Security Benefits
Stefan Walters for The Motley Fool explains that although Social Security may be subject to Federal Income Tax, there are 41 states that do not tax Social Security benefits. More states are getting rid of state income tax on Social…