AMAC Foundation
2026 Retirement Rule Change for 401(k) Catch Up Contributions
A popular retirement tax break for catch-up contributions ends in 2026 for higher-income earners. A provision in the 2022 Secure 2.0 Act no longer allows high earners making $145,000 or more to put their catch-up contributions into a traditional 401(k)…
Retirement Can Come with Unexpected Costs
Unexpected expenses catch many Americans by surprise in retirement. One of the largest of these is the cost of Medicare Part B. The current cost of Medicare Part B for 2025 is $185, but is expected to increase to $206.50…
The Bureau of Labor Statistics is Calling Staff Back In to Prepare the Annual Inflation Reports
When the shutdown started on October 1, only one person remained at the Bureau of Labor Statistics. Some staff are now returning to prepare the Consumer Price Index (CPI). The Cost-of-Living Adjustment (COLA), which is based on the Consumer Price…
Which is better? A Roth IRA or a regular IRA?
The two key differences between a Roth IRA and a regular IRA are that you pay taxes on your contributions to a Roth, and with a regular IRA, you pay taxes on your withdrawals. When you file your tax return,…
Social Security Remains Open During the Government Shutdown
Social Security remains open during a government shutdown, though some delays are possible. Dana George at The Motley Fool outlines which services are available. With a My Social Security Account, you can apply for benefits, print an income verification letter,…
How Different Government Agencies Are Affected by the Government Shutdown
The Social Security Administration has only 12% of its 52,000 employees furloughed. However, this could change if the shutdown persists for an extended period. In comparison, the Veterans Administration has an even smaller portion furloughed; only 3.2% of its 462,000…
The Family Max Does Not Affect a Married Couple’s Social Security Benefits
Social Security sets a limit, known as the “family maximum,” on total benefits a family can receive. This limit does not affect a couple’s benefits unless one spouse qualifies for a spousal benefit. Both high-earning spouses can each receive the…
Women Tend to Receive Smaller Social Security Benefits
There are various reasons women tend to earn less in Social Security Benefits. According to the article by Lane Erickson and Mary Johnson, an average women receive $332 less per month. They share some insight on how to avoid some…
Scam Alert – The Following Alert is From the Social Security Administration
For Immediate Release October 8, 2025 Unexpected Letter, Text, or Email from the U.S. Supreme Court? Think Scam First The Office of the Inspector General (OIG) for the Social Security Administration (SSA) is warning the public about a…
October 2025 Payments Will Be Made on Schedule
The government shutdown does not affect your receiving your Social Security benefits. The following article by Jordan Blake gives you the schedule for when you will receive your October Social Security payment. You can read his full article here ……