AMAC Foundation
The Social Security Financing Problem
The Social Security Insolvency issue will not go away by itself. Congress needs to reform it to avoid a fiscal crisis. From increasing life expectancies to a decline in the number of workers paying into the program, Social Security is…
Do you have a Backup Retirement Plan?
Social Security is getting closer to a point of insolvency. This is not the first time it has been in trouble and the government has always managed to tweak it and make it work. Just in case that doesn’t happen…
What to Know about Social Security Spousal Benefits
For married couples spouse benefits can be an important part of their Social Security benefits, especially if there is a huge disparity in their incomes. For example, if one spouse is a lower earner because of taking time off to…
3 Factors to take into Consideration when Deciding to take Social Security Benefits
As long as you have the required minimum 40 Social Security credits you can take your benefits anytime between age 62 and age 70. More people are waiting until 70, but Kailey Hagen for The Motley Fool explains some reasons…
Should Congress Reverse HR82?
The Social Security Fairness Act was signed by then President Joe Biden in December 2023. This eliminated WEP and GPO offsets for government employees who get a pension and did not pay into Social Security while they were working in…
Pushback to DOGE Review of Social Security Spending
There is a lot of controversy surrounding DOGE (Department of Government Efficiency) these days. The newest area of spending analysis is the Social Security Administration. Although this probe is meant to eliminate wasteful spending and strengthen the agency, democrats are…
When to Claim – That is the Question !
You are eligible for Social Security payments starting the full month you are age 62, providing you have worked and received the necessary credits. Social Security benefits can be claimed anytime between age 62 and age 70. At your Full…
The Social Security Fairness Act
The Social Security Fairness Act (HR82) was signed into law by President Biden in December 2023. This new law will eliminate the offset that some public employees have been subject to because they have pensions where those employers did not…
A Seemingly Positive Change with a Negative Outcome?
President Donald Trump has proposed eliminating taxes on Social Security income. It sounds like a great idea, but the consequences need to be considered. Those taxes are an important income for the Social Security Trust Fund. Congress is unlikely to…
Social Security’s Wasteful Spending To Be Evaluated
DOGE may be looking into Social Security next. It is not with intent to cut benefits, but for the purpose of discovering and correcting wasteful spending. This action will help the agency to function more efficiently. Andrews Mark Miller for…