AMAC Foundation
Is your Social Security Benefit Amount Correct?
You should verify your Social Security earnings statement each year. Your retirement benefit is based on your 35 highest-earning years, and your earnings through age 60 have been adjusted for inflation. This means they are worth more now than when…
Will Social Security’s Earning Test Be Repealed?
A bill, “The Senior Citizens Freedom to Work Act,” has been introduced in Congress that would repeal the Retirement Earnings Test (RET). The RET currently limits Social Security benefits for recipients who have not yet reached their full retirement age…
It’s Important to Include Future Medical Expenses in Your Retirement Plans
A new survey from D.A. Davidson shows that Americans are not factoring rising medical costs into their retirement plans. The latest projections from Fidelity show healthcare expenses for a couple retiring at 65 have increased approximately 41% from 2015. According…
Income Limit If You Work and Collect Social Security Before Your FRA
Some retirees who begin Social Security benefits choose to return to work for extra income or to stay active. You can start Social Security at 62, but payments may decrease if you keep working. Starting benefits before full retirement age…
A Little More History About Social Security
Social Security was created in 1935 and has undergone significant changes since then. Tom Margenau, a retired Social Security employee, wrote an article highlighting little-known facts about the program. He focuses on two unfamiliar terms—pneumoconiosis and Prouty—and explains their relevance.…
Thinking You Can Retire on Social Security Alone is Another Myth
Social Security was created to help keep seniors out of poverty once they could no longer work. However, it was never intended to be your sole source of retirement income. With rising inflation, having additional retirement income sources is more…
What’s Going On At The Social Security Administration
Over one million people have now created a My Social Security Account online. As Social Security expands its digital services to meet high demand, having an account becomes increasingly convenient. While you can still call or visit a Social Security…
Don’t Get Scammed Out of Your Hard-Earned Money
A woman named Lynn was scammed out of $9,100, and shared her story in an article by John Matarese. She did this as a warning to you that it can happen to anyone. Be vigilant when answering your phone. Never…
April 2026 Social Security Payment Dates
April payments will start this week. Supplemental Security Income (SSI) will be paid on Wednesday, April 1st. Those receiving both SSI and Social Security Disability (SSDI) will receive their payment on Friday, April 3rd. Regular Social Security benefits are paid…
Working and Taking Your Social Security Benefits
If you work and collect Social Security benefits before reaching your full retirement age (FRA), your future benefit amount will be affected. John Rosenfeld wrote an article for The Motley Fool stating that, according to research from the Center for…