AMAC Foundation Social Security Advisory Service
AMAC Foundation Assists Major News Organization
The 11th-hour Congressional approval of The Social Security Fairness Act—House Bill HR 82—has generated a burst of attention across the media, with dueling positions either supporting the decision or speaking out against it. In the middle of the controversy is…
My Social Security Accounts Soon to Require Revised Log-in Procedure
If you created your Social Security account online before September 18, 2021, and haven’t updated it recently, you will need to do so relatively soon. SSA has established a new access method for personal accounts: it requires the creation of…
A Thoughtul Look at Claiming Benefits at Age 62
At first blush, filing for Social Security benefits before one’s full retirement age is often viewed as an incorrect retirement strategy. Many financial planners will tell you that’s the wrong thing to do and will further suggest that, if you…
Recapping the Key Social Seurity Changes from 2024
To many, Social Security seems like a stable monolith, something that’s just always there and never changing. But that’s not the case at all. Anyone familiar with Social Security in any depth will tell you about the many, many moving…
An Overview of Survivor Benefits
Retirement benefits are available to spouses, ex-spouses, children, or dependent parents of someone who worked and paid Social Security taxes before they died. It can be complicated, but the Social Security Administration has taken great pains to clearly explain what…
A Quick Refresher on Getting the Most Out of Social Security
The maximum Social Security benefit as of this year is approaching the $5000 mark, but it’s unlikely that many beneficiaries will reach that level of payout. In fact, the average benefit for 2024 is $1,907 after the 3.2% cost-of-living adjustment…
Ways to Jeopardize Your Social Security Benefits
A steady flow of monthly income via Social Security is something claimants certainly look forward to. After all, the program has been around for over eighty years and has never missed a scheduled payment. While that consistency is certainly a…
A Quick Refresher on Social Security Solvency…and Steps You Should Consider
WDIO’s Grace Koppen hosts a brief discussion on the much-reported Social Security insolvency issue, featuring commentary from Barry Bigelow (Great Waters Financial) clarifying what to expect as the calendar moves toward the projected depletion of the program’s financial reserves. The…
A Perspective on Social Security’s Looming Insolvency
We’re well inside of a decade until Social Security’s accumulated reserves disappear completely. The nearly $2.9 trillion financial cushion that has been dissipating steadily for the past two years is expected to evaporate completely by 2033–and some project that point…
A Quick Refresher on Spousal Benefits
Although so much of Social Security’s rulebook involves complicated qualifications, there are a few very basic premises that anyone planning their retirement finances should know. Many folks are already aware of these basics, but it’s still a good idea to…