AMAC Foundation
A Primer on Collecting Social Security Benefits
You can start collecting Social Security benefits at 62, but it will be 30% lower than if you waited until your Full Retirement Age. For anyone born in 1960 or later your Full Retirement Age is 67. On the other…
HR 82 Retroactive Payments Being Processed
In support of HR82 the Social Security Fairness Act, the Social Security administration has begun processing retroactive payments to over 3.2 million people who had offsets to their benefits because of the Windfall Elimination Provision (WEP) and Government Pension Offset…
Official Press Release on Social Security Savings
Mark Hinkle, Press Officer for Social Security explains how Social Security has identified hundreds of millions of dollars in savings here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
There’s a New Bill in Town
The Social Security Expansion Act aims to change the COLA adjustment calculation from the CPI-W to the CPI-E, which is more in tune with Senior Citizens expenses. It also proposes the Social Security payroll tax be applied to additional earnings…
Gen X Workers – What to Know about Social Security before Retirement
Those born between 1965 and 1980 are next in line for reaching Social Security benefit eligibility. Kaley Hagen writing for The Motley Fool, published by USA Today explains important points here… Notice: The link provided above connects readers to the full…
Does Trump’s Plan to end Taxes on Social Security Benefits Make Sense?
Income taxes paid on Social Security benefits are an important source of revenue for the Social Security Trust Fund. As much as President Trump would like to alleviate this burden on Social Security recipients, Social Security can not afford to…
Are Cuts to Social Security Part of the New Budget Bill?
House Speaker Mike Johnson says no. The GOP is focused on cutting taxes and improving the government’s finances. Social Security is going to be restructured because DOGE has uncovered “enormous amounts of fraud, waste and abuse” in the program. This…
Looking Hard at Social Security Reform
This article by J.D. Tuccille for “reason” explains some tough moves that could change Social Security. Read here… As an example of the leading thoughts on reforming Social Security, the Association of Mature American Citizens (AMAC, Inc.) believes Social Security must…
Options for Social Security Employees
Amid implementation of agency-wide organizational restructuring, Social Security employees received notifications of options to decide if they want to stay with the agency or leave. They can choose voluntary reassignments, voluntary separation or early retirement. There are also financial incentives…
One Way to Improve Social Security Solvency
Ending the Retirement Earnings Test, which places a limit on how much you can earn if you take your Social Security benefits before your Full Retirement Age, would be one strategy to improve solvency. While the purpose of the Depression-era…