AMAC Foundation
Social Security Makes Changes to Help You Plan Your Retirement
Social Security introduced “My Social Security Account” online 13 years ago. It helps you see how much more you will need in retirement savings or investments to offset your Social Security benefit to meet your retirement needs. My Social Security…
Keep Your Social Security Payments Safe
There are things you can do to protect your Social Security payments from being stolen. If you have a Direct Express Card or are being switched to one as your paper checks are being stopped, there are ways to protect…
Increase in Retirees Claiming Their Social Security Benefits at 62
More people are collecting their Social Security benefits at age 62 in 2025 than in 2024. According to the Urban Institute, claims by people filing at a younger age increased by 276,000 from October through April, compared with the prior…
How to File an Appeal with Social Security
Last year, Social Security’s Office of the Inspector General reported that the agency had paid out nearly $72 billion in improper payments in the 2015-2022 period, with most of the erroneous payments attributed to overpayment of benefits. There are many…
Why is Social Security so confusing?
Social Security has over 2,700 rules! To make it even more confusing, the SSA website has over 110,000 pages! Then, to make it even more challenging, the rules for different topics aren’t always located in the same section. You have…
Should I delay taking my Social Security until 70?
If you are in a position to delay taking Social Security until 70, it does have its benefits. Your benefit increases by 76% between the ages of 62 and 70. It doesn’t matter if your full retirement age (FRA) is…
Should the US require mandatory retirement contributions besides Social Security?
The United States received a C+ in the 2024 Mercer CFA Institute Global Pension Index because it relies heavily on voluntary savings plans. Other countries require mandatory contributions to personal retirement savings. There are two types of retirement plans, and…
Did you know you can request a replacement Social Security card online?
Tired of being on hold with Social Security to ask a question or make an appointment? Creating a My Social Security Account online can help you avoid that. If you already have a My Social Security Account online and have…
Social Security Can’t Go Bankrupt
Social Security is a pay-as-you-go system, with current workers paying for current recipients. As long as people continue to work and pay into Social Security, it can’t go broke. As a matter of law, all revenues flowing into Social Security…
Social Security Was Never Intended to be Your Only Retirement Fund
Social Security was created as a safety net to keep seniors out of poverty. Social Security was never intended to be your only source of income to live on when you retire. The retirement model is a three-legged stool. 1)…