AMAC Foundation
Candidates Stand on Protecting Social Security
Candidates at the Republican National Convention this year made it a point of speaking on the importance of taking care of Social Security and Medicare. This could make a difference in how Senior Citizens vote this November as Gordon Lang…
How does the COLA work?
Each year, depending on the rate of inflation compared to the third quarter of last year, Social Security beneficiaries get a “Cost of Living Adjustment”. Next year, 2025, is expected to be low compared to the last few years. Christy…
Who is Eligible for a Spouse Benefit?
A spouse benefit is available in many different situations, primarily when a lower earning spouse’s benefit is less than 50% of a higher earning spouses benefit when taken at Full Retirement Age (FRA). In some cases ex spouses are eligible…
Reforming Social Security
Social Security needs updates now to avoid a decrease in benefits for all beneficiaries in about 10 years. There are an abundance of ideas on how this should be accomplished. This Watchblog by the Government Accountability Office gives us a…
Is the Notice I received from Social Security to Change My Account a Scam?
This is not a scam. Social Security is requiring everyone who has a myssaccount to change it so that it can be accessed through login.gov. It will make access to our Social Security information consistent for all users. An article…
The Logic of Claiming Social Security at 67
You can choose to start collecting Social Security at any age between 62 and 70. So many options can cause confusion. Maurie Backman at The Motley Fool makes a good case for taking your benefits at your Full Retirement Age…
What do Think Tanks say about Donald Trump’s Proposed Tax Cut for Social Security Recipients?
Some say it is not a good idea because it will benefit the “wealthy”. What is the definition of “wealthy”? There are lots of seniors making under $100,000 a year that would benefit greatly, especially widows and widowers. Yes, if…
If You Claimed Social Security Benefits too early, You Could Consider the “do over” option.
The “do over” option is a little known strategy that allows you to pay back the benefits you have received within one year of starting them and start over again at a later date. It can be helpful for some,…
Does your State Tax Social Security Benefits?
The federal government DOES tax Social Security benefits, but most states do not. Find out which states do and which states don’t here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address)…
Social Security rules have been consistent for the last 40 years
If you are new to Social Security the rules can seem complicated and confusing, however, there have been hardly any changes at all since 1983. The basic rules, spouse benefit rules, survivor rules and disability rules are unchanged. So, once…