AMAC Foundation
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…
Basics for Everyone Participating in Social Security
Although most of the basic rules and regulations associated with Social Security have been covered in the many searchable articles on this site, a post by VIBUS contributor Fran Candelera brings together “10 things Americans need to know about retirement…
AI and Social Security—Perfect Together? Maybe Not!
The headlong rush into artificial intelligence (AI) these days produces a steady stream of new players. As a concept, though, AI dates back several decades, with a simple mission of using computer science and robust datasets to enable problem-solving. The…
Social Security Spouse Benefits
Are you wondering when is the best time for your spouse to claim benefits? This can be a complex decision. Generally, spouse benefits are available if 100% of the lower earning spouse’s Full Retirement Age benefit is less than 50%…
Increased COLA Percentages in the Future?
There is a possibility of changing the way Cost of Living Adjustments are calculated in the future. It would depend on lawmakers agreeing to use a different method – relying on the Consumer Price Index for the Elderly (CPI-E) instead…
Are you Collecting Social Security benefits early and Still Working? You need to Know About the Retirement Earnings Test!
Many retirees who are under Full Retirement Age, getting benefits and still working do not understand how the Retirement Earnings Test works. If you earn over the limit ($22,320.00 in 2024) Social Security will take back $1.00 for every $2.00…