AMAC Foundation
Social Security and OIG Partner for the Seventh Annual National Slam the Scam Day
Baltimore, MD – The Social Security Administration (SSA) and its Office of the Inspector General (OIG) are partnering to fight back against Social Security imposter scams for the seventh annual “Slam the Scam” Day on March 5, 2026. The annual event,…
Benefits of Working Longer
We all look forward to our “retirement date.” But do you really want to retire full-time? Working longer may be the right thing to do. It not only provides additional financial support, ensuring your retirement savings last your whole life,…
Did You Receive a Warrior Dividend?
A payment of $1,776 was sent to approximately 1.45 million military members in 2025. The Internal Revenue Service (IRS) has announced that the income is not taxable. The funds used were treated as a supplement to the Basic Allowance for…
IRS National Consumer Protection Week
According to the Internal Revenue Service (IRS) Criminal Investigation branch, the agency identified over $4.5 billion in tax-related fraud in fiscal year 2025. A lot of personal information is exchanged during tax season, making it a “gold mine” for hackers.…
Social Security Has Reduced the Disability Backlog
Social Security has been reducing the backlog of disability claims. The average wait time for a hearing is now the lowest it has been in the past 20 years! The average wait time has dropped to 265 days; it used…
Maximizing Your Social Security Benefits
You are now 62 and eligible to start receiving your Social Security benefits. But should you start them? If you were born in 1960 or later, your full retirement age (FRA) is 67. If you start your benefits at 62,…
The Importance of Discussing When to Start Your Social Security Benefits with Your Spouse
If you and your spouse are close in age, starting your benefits at the same time may not always be the best option for you. You both need to consider your life expectancy, health, and other retirement funds, such as…
The Saver’s Match Begins in 2027
The Saver’s Match was introduced in the Secure Act 2.0 of 2022. Starting in 2027, it will replace the Saver’s Credit, a non-refundable tax credit that reduces the amount of taxes owed. The Saver’s Match provides a direct federal matching…
How do you earn the maximum Social Security benefit?
Everyone can maximize their Social Security benefit amount by delaying taking it as long as possible. Your benefit maxes out at age 70, so there is no sense delaying it any longer. Your Social Security benefit increases by 76% between…
Women Tend to be More Dependent on Social Security Than Men
Women often stay home to raise children or care for ailing family members. They also tend to live longer than men, approximately 5 years. Women have come a long way in advancing their careers, but they still tend to earn…