AMAC Foundation
Key Considerations When Initiating Your Social Security Benefits
Deciding when to start your Social Security benefits could shape your financial future. Turning 62 makes you eligible, but that doesn’t mean claiming now is always the best option. Consider several factors before starting Social Security. While no one knows…
Ask Rusty – I’ll Be 65 Soon and am Working. Must I enroll in Medicare?
Dear Rusty: I will be 65 in October and I am working full-time. My goal is to work until age 67, which is my full retirement age, or until age 70. I heard I have to apply for Medicare Part…
The Importance of Verifying Your Social Security Earnings Statement
Most folks realize that their Social Security benefit is based on a set of parameters, including your age, the start date for monthly payments, and their work history as maintained in the Social Security Administration’s records. While the first two are based on points in time, the…
A Perspective on Taxation of Social Security
“How can I avoid having my Social Security benefits taxed?” That is a question we are regularly asked here at the AMAC Foundation’s Social Security Advisory Service. And the unfortunate answer for many who ask is that “you cannot!” As the old…
More about Social Security’s financial future
Unless you pay little or no attention to the news these days, you are already aware that Social Security is facing a financial issue in only about 6 years (2033). We’ve chronicled that fact fairly often at this website. Continuing…
Social Security Legends, Lies, and Misunderstandings
It never ceases to amaze me how some legends and myths grow over time, to the point that they are viewed as true, regardless of how inaccurate they might be. “Repetition does not transform a lie into a truth”[1] The…
Changes to Social Security are Coming Soon (hopefully)
If you are searching for good news about Social Security’s looming financial insolvency, it can be found in a recent estimate by Social Security’s actuaries that the Trust Fund balance wasn’t depleted as much as anticipated in 2025. But that’s…
Demystifying Social Security for Couples
For a couple, developing a Social Security (SS) claiming strategy can be challenging because there are several key factors which, together, influence the best claiming option for each partner. Those key factors are: ● Personal benefit disparity (difference between each…
What’s the big deal about Retroactive SS Benefits?
Always an interesting read, retired Social Security employee Tom Margenau writes regularly about Social Security matters, with his articles published nationally. Mr. Margenau’s most recent article touches on something we regularly encounter here at the AMAC Foundation’s Social Security Advisory…
Bad News for Social Security Beneficiaries?
This article, though somewhat pessimistic, suggests that Social Security is on a collision course with insolvency in the very near future. And if you regularly read articles published on this website, you are already aware of that dilemma – the…