AMAC Foundation
A Tale of Two Presidents: Options for Saving Social Security
Both presidential candidates pledge to save Social Security but they are espousing different paths to this end. Should the funding come from “other sources”? Currently Social Security is funded by ss taxes, interest on bonds and income taxes paid on…
Can you Collect Social Security Benefits when you live in Another Country?
For the most part, the answer is yes. There are a handful of countries that are the exception. The number of Americans collecting Social Security benefits from overseas has risen rapidly in the last few years. Lower costs for housing…
Ways to Safeguard your Social Security Account against Scammers
When someone uses your personal information for their own benefit identity theft has occurred. Josh Weller, Social Security Public Affairs Specialist in Denver CO, explains how to avoid this situation in this article published by The Sundance Times on July…
Making the Social Security Disability process easier
The agency recently made changes to the disability application process for both programs it administers: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Updates will improve the application process and take less time for applicants to receive a…
Social Security was Last Overhauled in 1983
That was the last time the Social Security Trust Fund was nearly depleted. Legislative changes were made to gradually extend the Full Retirement Age, increase the payroll tax and apply additional income tax to Social Security benefits. We are in…
When to Claim Social Security Benefits
Is it better to claim early at age 62 or wait until your maximum benefit at 70? There is no one size fits all answer. It depends on your own individual situation. The Mecury’s writer Janet Colliton gives some helpful…
How can your Social Security Benefits be Tax Free?
The threshold for Social Security benefits becoming taxable is really low and has not been adjusted for decades. Social Security benefits are taxable for a single tax filer at a combined income of $25,000 and for joint filers at $32,000.…
A Question of Identity
Digital Identification is on the horizon. In the interest of sharing only the information necessary to a particular transaction. The Department of Homeland Security Science and Technology is working on a way to use a digital id on your phone…
Have Markets already Privatized Social Security?
With a unique perspective John Tamny for Forbes explains how the markets have already adjusted to Social Security’s shortfalls. The 55 plus crowd, recognizing that Social Security will not sustain them in retirement, are saving and investing more now than…
2025 COLA Situation
Since inflation is currently lower the COLA increase can be expected to be lower. It may be the lowest we have seen in the last few years. The only way this could change is if inflation suddenly increases in the…