AMAC Foundation
How much do People Earn on Social Security?
This article by Kailey Hagen for the Motley Fool was published on July 6, 2024. She looks at the “average amount” of Social Security earned by a typical couple. Read here… Notice: The link provided above connects readers to the full content…
Will a recent Supreme Court Ruling affect Disability Rights?
According to Michelle Diament for Disability Scoop on July 8 2024 the Supreme Court ruling with overturned a 40 year precedent could change the way some disability rules and laws are interpreted. This could lead to legal issues for those…
Smart Ways to Save for Retirement
Information provided by Becca Stanek for The Week US published on July 8, 2024 on how much you will need in your retirement years. Several different strategies and suggestions are given depending on your own situation and age. Read here……
A Different Spin on What to do with Social Security
The attached article by Austin Smith for 247 Wall St published on July 8, 2024 gives a different perspective for a Social Security solution. Trump has hinted that he may have a totally different way to handle the insolvency issue…
Congressional Subcommittee field hearing focuses on WEP & GPO
Friday’s Congressional Subcommittee led by U.S. Sen. Sherrod Brown (D-OH) offered public sector workers an opportunity to express their concerns with Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). The hearing led off with comments from a…
Will Medicare and Social Security be Available to the Next Generation?
Surveys show many Americans are concerned that Medicare and Social Security will not be there for them. This anxiety is fueled by the inaction of Congress to resolve the solvency issue. Read this article by Austin Denean for The National…
Learn about Social Security’s “Do Over” Option
Social Security has a little known rule called the “Do Over” option which can be helpful to early filers. You have the opportunity to stop your benefits and pay back what you have received with 1 year. This wipes the…
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…