AMAC Foundation
Straight Talk about Social Security
Persistent emails to the AMAC Foundation’s Social Security Advisory Service accuse various politicians of squandering Social Security money for other, sometimes nefarious, political projects. The AMAC Foundation has exhaustively investigated this accusation and found it to be a myth –…
About Medicare Fraud and Waste
No cuts to the national Medicare program are included in the “one, big, beautiful bill” now being deliberated by the U.S. Senate (the bill has already passed in the House). But, as reported yesterday (see this), if the Senate uncovers…
Will Social Security Disappear?
Well, no – it will not. But there is the problem that Social Security’s annual cost is more than the income it receives from working Americans, and income taxes on SS benefits, and interest from reserves held in the Social…
Updated “Who’s Who in Social Security” Now Available
The AMAC Foundation’s editorial staff published the 2025 edition of its “Who’s Who in Social Security” last week, a guide to the array of professional organizations providing input on the future of this venerable program. This publication is designed to…
Potential Social Security Cuts
An ideal retirement is having enough money to live comfortably. Many depend on Social Security and have little to nothing else in income. As we edge closer to the Social Security Trust Fund becoming insolvent many are becoming concerned about…
History of HR 82, The Social Security Fairness Act
H.R. 82 was signed into law by President Biden on January 5, 2025. This repealed two Social Security rules known as the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These rules were enacted in 1977 and 1983.…
Another change to Social Security Rules
The rules regarding Social Security overpayment have changed again. Until 2024 100% of a recipient’s benefit was held back until the overpayment was recovered. That left some retirees with no income, which was highly criticized. In 2024 the amount was…
Why is there a “Senior Bonus” in the Big Beautiful Bill” instead of “no tax on Social Security”?
This is a question on the mind of many Seniors. While it will provide some tax relief to low and middle income seniors, it is not the elimination of tax on Social Security that we had hoped for. Kevin Stocklin…
Planning for Social Security in your 40’s
When you are in your 40’s Social Security is not the first thing on your mind. You may not even be thinking about retirement yet. There are a few important things about Social Security to hold in the back of…
2026 COLA Predictions
Although the official announcement is months away, we continue to see COLA (Cost of Living Adjustment) predictions. Experts started with a prediction of 2.1 % which gradually increased to 2.4% in April. There is some disagreement about how the COLA…