AMAC Foundation
The Social Security Fairness Act
The Social Security Fairness Act (HR82) was signed into law by President Biden in December 2023. This new law will eliminate the offset that some public employees have been subject to because they have pensions where those employers did not…
A Seemingly Positive Change with a Negative Outcome?
President Donald Trump has proposed eliminating taxes on Social Security income. It sounds like a great idea, but the consequences need to be considered. Those taxes are an important income for the Social Security Trust Fund. Congress is unlikely to…
Social Security’s Wasteful Spending To Be Evaluated
DOGE may be looking into Social Security next. It is not with intent to cut benefits, but for the purpose of discovering and correcting wasteful spending. This action will help the agency to function more efficiently. Andrews Mark Miller for…
HR 82 Impact…The Story Continues
The long-awaited repeal of Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) is old news at this point, but the continuing story relates to when those slated to benefit from the repeal will see the results in…
“Ask Rusty- Clarification of Medicare, IRMAA and MAGI”
Dear Rusty: I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus any non-taxable interest, plus 50%…
A Look Back in Time: Comparison of Social Security Benefits in 1974 and 2024
Stefon Walters for The Motley Fool provides a look at how Social Security has increased over the years. He also mentions the difference in the cost of goods between then and now. Read here… The link provided above connects readers to…
Identity Theft Awareness Week – January 27-31
The Social Security Administration is providing two webinars during the week to help you learn how to protect yourself from ID Theft. Attendance is free. Along with information on avoiding identity theft you will also hear about free tools and…
Social Security Overpayments to Deceased Individuals
Social Security has begun a campaign to collect repayment from family members of deceased persons. These overpayments are rare but do occur because of delays in death notifications, errors in record updates and automatic deposits. Gabriela Leon for MSN explains…
An Analysis of the Future Potential Result of the Passage of HR82
The repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) made the headlines at the end of 2024. So what happens next? How will the repeal affect Social Security Solvency? Will there be some corrective tax…
Review of Three Important Social Security Rules
Social Security has hundreds of rules. Most are pretty straightforward, but there are a few that are somewhat obscure and not very well known. It is crucial to know about these rules if you happen to be affected by them.…