AMAC Foundation
Cost of Living Adjustment to be Announced on October 10, 2024
After months of estimated projections, we will finally have a concrete amount for the benefits increase starting in December and showing up in January 2025 payments. That’s the”good” news. However, it’s essential to remember that an expected increase in Medicare…
The Social Security Administration released adjustments to benefit payment criteria
In an effort to streamline payment processes Social Security has made some updates to payment schedules. IDR News Network explains here… Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this…
Option for Increasing Social Security Revenue
Senator Ron Wyden says imposing Social Security tax on wealthy incomes above the current limit is the way to fund Social Security until the end of the century. Jake Johnson for Common Dreams explains here… Similar to many consulting organizations,…
An Open Discussion about Aging in America
Alessandra Malito for Market Watch has a frank discussion about retirement in America and Social Security’s part in it. What can people do at any age to prepare for retirement? Read here… Similar to many consulting organizations, the Association of…
Repercussions of a Social Security Benefits Cut
If Social Security”s insolvency issue is not resolved benefits will be cut by 21% in 2033. What does this mean for retirees living on Social Security and also others who count on Social Security as part of their retirement planning?…
Good News and Bad News concerning latest COLA update
The Cost of Living Adjustment for 2025 is a hot topic right now. Ahead of the actual announcement of the COLA increase percentage, there are many perspectives, thoughts and analysis of what that percentage may be. The latest update predicts…
Retirement Planning
Let’s explore how long $750,000 in savings plus Social Security will last. Read the numbers crunched by Donna LeValley for Kiplinger here… The link provided above connects readers to the full content of the posted article. The URL (internet address) for…
Some Agreement on Social Security Fixes
A new poll shows that a majority of Americans agree on some potential resoltuions for Social Security insolvency. Some common areas include charging Social Security tax on higher earners and gradually raising the Full Retirement Age. Andrew Dorn for NewsNation…
Social Security Fairness Act
A legislative attempt to overthrow WEP/GPO is gaining momentum. Democrats are forcing a “discharge petition” for a vote on HR 82 The Social Security Fairness Act. This is possible if at least 218 congressional members back it. Andrew Solender for…
No One Knows when They are going to Die
That’s what makes when to take Social Security a difficult decision. If we only had this bit of information it would be a lot simpler. For example, the situation in this article by Jordan Rosenfeld for GoBanking Rates shows us…