AMAC Foundation
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…
Taking Your Social Security Benefits Before Your FRA and Continuing to Work
If you were born in 1960 or later, your full retirement age (FRA) is 67. If you are working and take your benefits early, you will be subject to an earnings limit. If you go over the earnings limit for…
SOCIAL SECURITY AND CHILDREN - AMAC Foundation
Children May Be Entitled To Social Security Benefits Were you aware that when an adult is receiving Social Security retirement, survivor, or disability benefits, their child or children may also be eligible to receive benefits? There are certain guidelines SSA uses to determine if children…
Ask Rusty – Is There Income Tax on Social Security Benefits?
Dear Rusty: The Trump Administration is saying that now there will be no taxes on Social Security benefits. Since we’re getting ready to start our 2025 income tax return, can you explain how this all works? Signed: Confused Taxpayer Dear…
Sounding the Alarm: Social Security in Financial Trouble
In somewhat of a “Johnny-come-lately” mayday alarm, this MorningStar article by Jessica Hall reports that the latest from the Congressional Budget Office (CBO) is that Social Security’s reserves may be fully depleted in about the year 2032 – an issue…
The Social Security Conundrum
It should be no secret to anyone who stays abreast of the news these days, Social Security – the nation’s primary program to avoid poverty in our senior years – will soon be facing a financial crisis! According to the…
Working while on SS Disability
About 12 million American’s rely on Social Security Disability Insurance (SSDI) benefits to sustain them during their period of disability. Those SSDI benefits are typically small, but did you know that it is possible to supplement your SSDI benefits by…
Social Security’s Financial Outlook
There is a lot of talk these days about the financial outlook of the Social Security program, because the Trustees of that program suggest that the reserves which now supplement everyone’s monthly SS benefit are likely to run dry in…
A Retirement Nightmare – Social Security’s Annual Earnings Test
A Retirement Scenario Picture this: You’ve worked all your life in your chosen profession and are getting tired of the rat race. You’re 62 years old and comforted to know that you are now eligible to collect Social Security. You…
Ask Rusty – I’m Still Working; Why Didn’t my Benefit Amount Increase?
Dear Rusty: I have been working somewhat consistently since commencing my Social Security benefit income. I’ve been collecting since my full benefit age of 66, approximately. I’m now 81, and customarily, in about October of each calendar year, Social Security…