retirement
Social Security: Knowledge is key!

Here at the AMAC Foundation’s Social Security Advisory Service, we routinely answer questions from those about to retire and claim Social Security and, as a non-profit entity, we do so for free. Our advice is based upon both formal education…
Do You Have a Backup Plan?
If you watch this website with any regularity, you are aware that Social Security, which is an important source of income for so many American seniors, will be facing financial difficulties in less than a decade. We frequently post various…
Is Social Security Going Broke?

Well, no, it is not. But it is facing some serious financial issues which will come to a head in about 8 years, unless Congress acts soon to reform the program. Fact is, Social Security spends more money than it…
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 –…
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…
Update on the Social Security Fairness Act
The much-heralded “Social Security Fairness Act” resulted in increased Social Security benefits for anyone who was previously affected by either the Windfall Elimination Provision (WEP) or the Government Pension Offset (GPO). These provisions affected anyone who had earned both a…
The Ongoing Saga of the “One Big, Beautiful Bill”
H.R. 1 – The One Big Beautiful Bill Act of the 119th Congress – passed in the House of Representatives last month and is now in the U.S. Senate for deliberation prior to sending to the Executive Branch for enactment.…
Where does Social Security fit in your retirement plan?
If you’ve worked over your lifetime, you can likely expect to receive Social Security benefits when you eventually retire. And that is surely a good thing. Indeed, about 94% of those who now collect Social Security say that it is…
Advisory: If you take Social Security and are delinquent on your Student Loan
Consider this a “heads up” advisory! Starting “sometime this summer” the federal government may start garnishing some Social Security payments for beneficiaries who are delinquent on their student loans. While it may seem inconsistent that someone receiving Social Security still…
Supreme Court hands White House a victory
In a majority opinion, with its liberal justices dissenting, The Supreme Court ruled that President Trump’s signature “DOGE” (Department of Government Efficiency) can have access to sensitive Social Security records. Although opponents feared that unfettered access to the records might…