AMAC Foundation
The Social Security Conundrum
It should be no secret to anyone who stays abreast of the news these days, Social Security - the nation’s primary program to avoid poverty in our senior years - will soon be facing a financial crisis! According to the…
Working while on SS Disability
About 12 million American’s rely on Social Security Disability Insurance (SSDI) benefits to sustain them during their period of disability. Those SSDI benefits are typically small, but did you know that it is possible to supplement your SSDI benefits by…
Social Security’s Financial Outlook
There is a lot of talk these days about the financial outlook of the Social Security program, because the Trustees of that program suggest that the reserves which now supplement everyone’s monthly SS benefit are likely to run dry in…
A Retirement Nightmare – Social Security’s Annual Earnings Test
A Retirement Scenario Picture this: You’ve worked all your life in your chosen profession and are getting tired of the rat race. You’re 62 years old and comforted to know that you are now eligible to collect Social Security. You…
Ask Rusty – I’m Still Working; Why Didn’t my Benefit Amount Increase?
Dear Rusty: I have been working somewhat consistently since commencing my Social Security benefit income. I’ve been collecting since my full benefit age of 66, approximately. I’m now 81, and customarily, in about October of each calendar year, Social Security…
The “Best Age” to claim Social Security
Spoiler alert: There is no “one best age” to claim your Social Security benefits! Fact is, everyone’s personal circumstances are unique, so what is best for me won’t be the best for you also. Multiple surveys have analyzed when people…
Social Security: Financial Reality and Politics
Those who focus on Social Security’s looming 2033 financial crisis know that there is a solution to the problem. The data are fairly easy to understand - Social Security must increase revenue while also reducing costs - to avoid an…
Look out for the “IRMAA Trap” if you are close to going on Medicare!
The Income-Related Monthly Adjustment Amount (IRMAA) catches many retirees off guard. It takes Social Security almost two years to get your tax return, meaning that your Medicare Part B and D premiums are based on income from two years prior.…
Maximum Social Security Benefit You Can Receive in 2026
Many retirees view their full retirement age (FRA) as the best time to start receiving Social Security benefits, as you will receive 100% of your benefits with no restrictions on continuing to work. In 2026, the maximum benefit someone reaching…
Are You Eligible for a Social Security Spousal Benefit?
Both current spouses and divorced spouses may be eligible for a spousal benefit. A spouse can receive a spousal benefit if their spouse is eligible for a Social Security benefit and already receiving it. You don’t even have to have…