AMAC Foundation
Retirement Crisis in America
If you are relying on Social Security alone for your retirement income you will be living below the poverty level. People are living longer and our retirement system is outdated. Jeannine Mancini for Benzinga explains here… The link provided above connects…
What to do now That the Social Security Fairness Act has passed
Then President Joe Biden signed the Social Security Fairness Act on January 5, 2025. This eliminated the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). There two pieces of legislation imposed offsets to some government employees who did…
2026 COLA Prediction – Already !
Every year the inflation rate is analyzed to calculate the next year’s Cost of Living Adjustment (COLA) to Social Security benefits. It is only February, but the Senior Citizens League has analyzed the projected numbers and come up with a…
Social Security Fraud
The new Department of Government Efficiency (DOGE) is looking into fraudulent spending of social Security funds. Instead of joining the effort to rid Social Security of waste, Democrats are spreading erroneous information, saying the Trump administration is going to dump…
Important Information for those Living Outside the U.S.
Are you living outside the U.S. and collecting Social Security benefits? Lately som U.S Embassy websites have sent out warnings about possible suspension of benefits. This applies to those whose address on record is outside of the country. A suspension…
The Social Security Financing Problem
The Social Security Insolvency issue will not go away by itself. Congress needs to reform it to avoid a fiscal crisis. From increasing life expectancies to a decline in the number of workers paying into the program, Social Security is…
Do you have a Backup Retirement Plan?
Social Security is getting closer to a point of insolvency. This is not the first time it has been in trouble and the government has always managed to tweak it and make it work. Just in case that doesn’t happen…
What to Know about Social Security Spousal Benefits
For married couples spouse benefits can be an important part of their Social Security benefits, especially if there is a huge disparity in their incomes. For example, if one spouse is a lower earner because of taking time off to…
3 Factors to take into Consideration when Deciding to take Social Security Benefits
As long as you have the required minimum 40 Social Security credits you can take your benefits anytime between age 62 and age 70. More people are waiting until 70, but Kailey Hagen for The Motley Fool explains some reasons…
Should Congress Reverse HR82?
The Social Security Fairness Act was signed by then President Joe Biden in December 2023. This eliminated WEP and GPO offsets for government employees who get a pension and did not pay into Social Security while they were working in…