AMAC Foundation
New Retirement Withdrawal Rate in 2026
If you are in your first year of mandatory withdrawals, the following article offers you some quidelines on how much to withdraw in your first year. The goal is to ensure your retirement funds last at least 30 years. The…
People sixty-five or older may receive a higher tax deduction on their 2025 Tax Return
A lot of people were hoping to see the taxation of Social Security benefits end; however, that did not happen. However, included in the “One Big Beautiful Bill” (OBBB) that did pass is included an additional $6,000 tax deduction for…
Women and Social Security - AMAC Foundation “The times, they are a-changing!”
“ The times they are a-changing ,” Grandpa was fond of telling Grandma as they navigated through the Great Depression, the world changing around them on their small upstate NY farm. Although the Social Security Act was passed with much…
Social Security won’t be going bankrupt, but ….
The word “bankrupt” suggests that the Social Security program would disappear entirely, and that is not something which can realistically happen. But Social Security “insolvency” is, in fact, a real possibility - and that’s a scenario where Social Security doesn’t…
2025 saw lowest inflation in 5 years, but seniors are still struggling!
The federal Bureau of Labor Statistics (BLS) is the government’s watchdog for inflation, and BLS recently announced that the 2025 actual inflation rate was 2.7% - the lowest since the year 2020. Lower inflation is, of course, a good sign,…
The wisdom (or not) of delaying Social Security
Most retirement planners will tell you that you can get a much higher monthly benefit by waiting longer to claim your Social Security. But some advisors do actually suggest claiming earlier to get the SS money sooner, for several reasons.…
Imagine No Social Security
In 1971, the iconic songwriter John Lennon penned the lyrics to his famous song “Imagine,” asking us to picture a world in total peace and harmony. Although it was a call to imagine what life would be like in a…
Can You Live on Social Security Alone?
Social Security benefits were meant to bolster existing retirement savings and pensions — not to make up for a non-existent nest egg.” And that mantra is one that we frequently emphasize here at the AMAC Foundation’s Social Security Advisory Service.…
When are most people claiming Social Security?
When do most Americans claim their Social Security benefit? That’s an interesting question, but the answer should form the basis of when you personally claim your SS benefits, because everyone’s situation is different. Although it might be interesting to know…
Social Security 2026: What you need to know!
Since 1940, Social Security has been paying monthly benefits to American seniors and their dependents - that’s almost 9 decades! That is a pretty good record, and the program regularly changes to keep up with the times. In fact, several…