AMAC Foundation
The Party who modifies Social Security will Reap Political Rewards
Eventually either benefits will be cut about 20% across the board or changes will be made. There are many different scenarios, some of which will push the burden (especially in the form of taxes) onto future generations. Read Veronique De…
Regarding Portions of the 6/6/2024 Social Security Subcommittee Hearing on Trust Funds
We all know that Social Security is on a path to trust fund insolvency by 2035. The hearing points out that the Biden Administration’s new budget will make things worse. Nothing is being done right now to correct the situation.…
How to get a Fairly Accurate Estimate of Your Future Social Security Benefits
Knowing a number close to what you will actually receive in benefits is important for retirement planning. If you are between 50 and 65 it’s time to find out this information. Read this article by Trevor Jennewine published by The…
How to Avoid Overpayment of Supplemental Security Income (SSI) Benefits
SSI is a needs based program which means eligibility is based on your total resources. It is important to let Social Security know if anything about your situation changes. Read this article by Josh Weller, Social Security Public Affairs Specialist…
Supplemental Security Income (SSI) Program – 50 Years of Aid to Those in Need
Information provided by the Social Security Administration and published by Sierra Sun Times on June 5, 2024 celebrates 50 years of the SSI Program. SSI provides help to individuals who are blind, aged, or disabled and have very limited resources.…
Will your Social Security Benefits be Enough to get by ?
Social Security benefits vary greatly depending on your career earnings. Will even those being paid the highest benefits have enough? Since Social Security is designed to replace approximately 40% of your income, probably not. Read this article by Christy Bieber…
Ways to alleviate Social Security’s Insolvency
Both Social Security and Medicare are popular with Americans on both sides of the aisle, but their is a deep divide on how to fix the situation. Some possibilities include, raising the tax limit, raising taxes, and raising the Full…
What is a Reliable Source of Retirement Income?
Social Security offers a guaranteed benefit although that amount may be reduced at some point. Dividend stocks can also be a potential source of income. Read this article by Maurie Backman published by The Motley Fool on June 5, 2024.…
According to a Survey a majority of American adults under 65 are concerned about Social Security and Medicare being available to them
Rising health care costs are behind a rising fear that Americans under 65 will not have adequate social support as they age. They are concerned about B the future of Medicare as well as Social Security. Some experts predict that,…
Will your Retirement Budget Meet your Needs?
Financial Planning for retirement is challenging. Some parts of the equation are known and some need to be analyzed and estimated. It’s best to look at different scenarios. This article by Mark Henricks for smartasset published on June 5, 2024…