AMAC Foundation

Overpayment withholding rate changed again

A short time ago the withholding rate for Social Security overpayments was 10% of your benefit. Then it changed back to it’s original amount of 100%. Now Social Security information says it is going to be 50%. The return of…

What Happened to the removal of federal taxes on Social Security benefits?

The budget plan now under consideration in Congress gives an increased tax deduction of $4000.00 to seniors, but does not remove taxes. Considering the current state of Social Security solvency, it would not be a financially sound decision to take…

Social Security’s Anti-Fraud Policy reversed

A short time ago Social Security announced implementation of fraud prevention tools for telephone claim processing. There was quite an outcry from seniors claiming it would be difficult for many who do not use computers or live far from physical…

Working after Full Retirement Age

Working after Full Retirement Age can sometimes boost your Social Security benefit depending on the circumstances. If your current income exceeds one of the 35 inflation adjusted years used to calculate your benefits, there may be an automatic increase. If…

“Big Beautiful Bill” takes a Step Forward

After being squelched on Friday night when five republicans voted with democrats, members of the House Budget Committee were summoned back to Washington for a meeting on Sunday night at 10 pm. After some reconsideration, the bill passed along party…

Is increasing Social Security’s full retirement age on the horizon?

Social Security’s full retirement age (FRA) is the point at which you get 100% of the monthly benefit you’ve earned from a lifetime of working. Right now, the FRA for anyone born in 1960 or later is age 67. And,…

Contrasting View: Taking Social Security at 62 is wrong

In contrast to yesterday’s Headline Article at this website – “Should You Claim Social Security at 62?” – this article by financial guru Suze Ormond argues that, in most instances, you should not claim Social Security at age 62 but…

Social Security for Married Couples

When to claim Social Security is a relatively simple decision for single individuals – base your claiming decision on your own personal financial needs. But that decision is not so easy for a married couple, because each couple should look…

Should You Claim Social Security at 62?

Most financial advisors will likely say no – it’s far better to wait longer to claim Social Security and get a higher monthly payment for the rest of your life. Why then, is age 62 the most popular age to…

Are You Ready to Claim Social Security?

Being mentally ready to claim Social Security and being physically ready to make that move may be two different things! Sure, if you’re stressed out at work or otherwise simply ready to hang up your work clothing, and you are…

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