AMAC Foundation
Private Investment Accounts to help with Social Security Insolvency?
Larry Fink has proposed a reform of Social Security which includes the integration of private investment accounts. Allocating a portion of Social Security taxes into private accounts could improve returns by linking them to financial market gains. Hugh Cameron for…
Ask Rusty – Will My Medicare Premium Change because I Sold Investment Property?
Dear Rusty: I have questions concerning the deduction of money from my Social Security benefit amount as relates to the sale of investment property. I am 66 years old and have been drawing Social Security since I turned 62. My…
What is the Status of Social Security?
Social Security’s future has faced turmoil over the last several days after a Feb 28th Press Release announced that it would lay off about 7,000 people. This stirred up concerns on how the staff cuts could impact benefit payments. In…
How will the Trump Administration affect Social Security Insolvency?
Social Security insolvency has been in the news a lot recently. Analysis by the Committee for a Responsible Federal Budget (CFRB) shows the Social Security Trust Fund may become insolvent by 2031, three years earlier than previously projected. Implementation of…
Rick Scott on Social Security Solvency
Social Security forms the foundation of income for retirees, survivors, and the disabled. Rick Scott, Republican from Florida, offers insight into the agency’s future. Social Security must be strengthened by working to eliminate fraud and waste. There will be changes…
What’s This About a Ponzi Scheme?
Social Security is old age insurance, nothing more. It is being compared to a ponzi scheme because it takes money from new contributors which is then paid to old ones. It’s important to understand why Social Security is not a…
Jean Chatzky on Social Security and Roth IRAs
Jean Chatzky, the former NBC Today Show financial editor and founder of HerMoney has words of advice for people who are preparing for retirement Jeffrey Quiggle for The Street explains here… Notice: The link provided above connects readers to the full…
Should the Restructuring at Social Security Factor into Your Decision on when to Take It?
There as never been a perfect answer to the question of when to take your benefits. Here at the AMAC Foundation we have told people to avoid letting the political climate affect a decision. The best decision is still what…
Restructuring of Social Security
The Social Security Administration has announce major reductions in staffing and some office closures. They are offering voluntary early retirement and separation incentive payments to their employees. These changes aim to improve efficiency without disrupting Social Security benefit payments. Kailli…
Social Security Working on Correcting it’s Records
Social Security is making progress on updating and correcting it’s database so it will contain accurate and complete records. The agency keeps a historical record of anyone who has ever applied for or received benefits. Over the years the many…