AMAC Foundation
Thoughts on Social Security Reform
The US Government Accountability office is submitting mock proposals to overhaul the system. As the programs funds continue to dwindle and no action is taken, the situation becomes worse. There are several options to consider. Read here… Similar to many…
How Much do Americans know about Social Security
In a recent survey 53% of Americans admitted they have limited knowledge of Social Security and how it fits into their retirement plans. Read here… The first link provided above connects readers to the full content of the posted article. The…
Is that Work at Home Job a Scam?
The old adage applies, if it seems too good to be true, it probably is. This Social Security Administration blog from the Ticket to Work program gives tips to help you spot a scam. Read here… The first link provided above…
Announcing Easier Process for SSI Applicants
The new commissioner of the Social Security Administration has been hard at work making changes to make the whole system easier to navigate. Starting in December a digital process for applying for SSI will begin. Matt Bracken for Fedscoop explains…
Important News about your Social Security Account
The Social Security Administration announced in July that it will be required to change your Social Security Account to a login.gov account by the end of the year in order to continue to use it. If you have heard about…
Deciding when to take Social Security Benefits
There are many options for deciding when to take your Social Security benefits. You can claim them anytime between age 62 and 70. It is an important decision. It is best to consider your finances, your health and your family…
WEP and GPO
When a worker has a job that does not pay into Social Security, but pays into a pension intead, that person is affected by the Windfall Elmination Provision on their own benefits and the Government Pension Offset on their spouse/survivor…
Handling a Social Security Overpayment
There have been some recent changes to the way Social Security will handle an overpayment. The new rules are more customer service oriented. For example, instead of withholding your entire benefit amount, they will withhold 10%. Blake Stimac for CNET…
What can you do Now to Offset a Potentially Low COLA Increase?
With the COLA projected to be about 2.57%, which is lower than the 3.2% this year, here are some ways you can save money: create a budget, shop smarter, review your insurance needs, move to a cheaper state or downsize…
What Happens to your Social Security if you Remarry?
Seniors who are collecting Social Security and remarry may see impacts to their payments. If you are also collecting Supplemental Security Income the addition of your new spouse’s income may offset that benefit. If you are at least 60 when…