AMAC
A Quick Review of FRA and its Implications
The Motley Fool’s Matthew Frankel, in a post today on www.fool.com, re-explains the full retirement age (FRA) concept, noting that a Fidelity Investments survey last year concluded that only about a quarter of Americans were aware of theirs. His post goes…
SSA Office Closings Intensify Public Concerns
Recently-announced plans to close Social Security Administration field offices in Arlington and Baltimore have shed new light on a wave of discontent among the elderly and those in need of on-site service from the agency. Washington Post reporter Patricia Sullivan, in a…
An Update on the Case for Social Security Reform
As the calendar continues its relentless march toward 2034, and as media accounts of what this date means to the solvency of Social Security repeatedly surface, there continues to be a clear message that near-term progress to address the problem is unlikely.…
Planning on Working in Retirement? What if You Can’t?
The statistics are impressive: 79% of future retirees expecting to hold a job in their retirement years, for example. For some, working fills a social need; for others it fills an economic need. And for still others, having this as…
More on Fixing Social Security’s Solvency Problem
In a post on www.Madison.com, The Motley Fool’s Sean Williams offers another recap of Social Security’s oft-reported long-term solvency problem. Along with his synopsis, Williams hearkens back to a similar–albeit not as dire–situation in the 1980s, and illustrates how a…
Rep. Johnson Opens Hearing on Need for Permanent SSA Commissioner
Yesterday, House Ways and Means Social Security Subcommittee Chairman Sam Johnson (R-TX) delivered the opening statement for a Committee meeting on the need for appointment of a Social Commissioner “empowered to make strategic decisions regarding the long-term operation of the…
Your Social Security Benefits: The Importance of Understanding the System
Getting the most out of your earned Social Security benefits is one of the keys to building the best financial situation for your retirement years. Achieving this desired situation, though, requires a clear understanding of the rules and complexities associated…
Retirement Savings and Defined Contribution Plans: A Fix is Needed
One of the more frequently reported retirement planning issues is what many perceive to be a critical shortfall in savings among future retirees. Time.com’s Money page, for example, not too long ago reported that a third of Americans have accumulated…
Happy New Year from the AMAC Foundation!
2017 marks the close of a successful year for the AMAC Foundation, and we’re pleased with the success of our programs in support of America’s Seniors. Most notably, we thank the many visitors to our Social Security Report and Medicare Report websites,…