AMAC Foundation
Social Security taxes

Social Security is one of the biggest political issues which must be addressed soon. President Donald Trump wanted to eliminate taxes on Social Security but he was unable to do that with his “Big Beautiful Bill”. Adam Levy for The…
Social Security’s part in your Retirement
Per the Social Security board of trustees, the Social Security Administration trust fund will be out of money by 2034. Benefits will still be paid but with a potential 22% cut. T Woods for Yahoo Finance gives a perspective on…
When to expect your Social Security payment
Social Security payments are direct deposited on the second, third and fourth Wednesday of the month, depending on your day of birth. If you were born on the 11th through the 20th you will receive your payment on the 18th…
More Seniors are Claiming Social Security Benefits Early
This is due to several factors like concern about the long term stability of Social Security, market volatility, health issues and job challenges. Also, a new wave of baby boomers are coming into the Social Security retirement age. Read here……
Social Security Garnishment for Overpayments and Student Loans

During Donald Trump’s presidency, the federal government continued and, in some cases, intensified efforts to claw back funds from Americans through Social Security overpayment collections and federal student loan enforcement. Social Security Overpayments Under Trump, the Social Security Administration (SSA)…
What age should you be to collect Social Security Benefits?
Some think the average retirement age is 65, but it is actually 63. You can take benefits as early as 62 but there is an earnings limit of $23,400.00 for 2025. If you make over that amount Social Security will…
Estimated COLA information
The Cost of Living Adjustment is an automatic annual boost to Social Security and other federal benefits. It’s calculated based on the inflation rate this year as compared to last year for July to September. Since the amount of the…
Will Income Tax on Social Security be eliminated?
This, of course, is a burning question on the mind of many who collect Social Security, because it would mean financial relief for nearly all those collecting. Under current law, a portion of one’s Social Security benefits are taxed, if…
Social Security: Knowledge is key!

Here at the AMAC Foundation’s Social Security Advisory Service, we routinely answer questions from those about to retire and claim Social Security and, as a non-profit entity, we do so for free. Our advice is based upon both formal education…
Do You Have a Backup Plan?
If you watch this website with any regularity, you are aware that Social Security, which is an important source of income for so many American seniors, will be facing financial difficulties in less than a decade. We frequently post various…