AMAC Foundation
A Clear Perspective on Whether or Not Congress has Stolen From Social Security
The popular opinion you may see on Social Media is that Social Security’s financial woes are caused by the fact that Congress stole money from Social Security and never paid it back. What is the real reason for the situation?…
Examining the Retirement Earnings Test
Social Security regulations stipulate that upon beginning retirement, spousal, or survivor benefits, beneficiaries are considered “retired” and expected to leave the workforce. Current regulations allow for continued earning from employment for those who claim benefits before their full retirement age…
Breaking News: Social Security & Medicare aren’t Going Bankrupt!!
In the true sense of the word, neither Social Security nor Medicare is in any danger of going “bankrupt.” However, that doesn’t mean that both programs are not having financial difficulties. Indeed they are, but the worst case scenario is…
The Social Security Fairness Act – Patience is suggested
With the enactment of H.R. 82 – the Social Security Fairness Act – many are wondering what affect, if any, this new law may have on their personal Social Security benefit. For starters, you should know that unless you have…
Musk and Social Security
Congress needs to make a Social Security resolution in 2025. The road to insolvency looms closer than ever. Can Musk help this process along? Read this article by Daniel McCarthy for New York Post here… As an example of the…
Will Biden Sign HR 82 into Law?
HR 82, the Social Security Fairness Act, has been passed by Congress and is now sitting on Biden’s desk waiting for a signature for it to become law. The President has until Monday to sign it, which is January 6th.…
A Common Social Security Mistake
It is well known that, if Congress fails to act, the Social Security Trust Fund will be depleted by 2035. This has caused some anxiety among upcoming retirees about when to take benefits. Those who take benefits at 62 are…
Thoughts on Dealing with SSA’s Customer Service Issues
Many know that the Social Security Administration field offices face staffing issues, which creates difficulties for folks who prefer on-site office visits. In the face of that problem, the agency has re-emphasized using online capabilities to conduct many relatively routine…
Still Another Opposing Comment on the WEP-GPO Repeal Effort
Today’s headline article on the march toward a Senate vote on S. 597 (Social Security Fairness Act) presents viewpoints opposite from most of the supporting articles carried on the airwaves over the past several months. That’s to be expected since…
COLA and Your Retirement Plan
James Brumley for The Motley Fool explains the Cost of Living Adjustment. Since it does not keep pace with inflation there are other actions that can be taken to increase your retirement income picture. Taking any small steps is worth…