Social Security solvency
Eliminating Social Security’s “Retirement Earnings Test”
The bane of many a retired senior citizen who choses to work after claiming early SS benefits, the so-called “Retirement Earnings Test” is an outdated Social Security rule which is rightly being considered for elimination. The “Senior Citizens’ Freedom to…
Straight Talk about Social Security
Since its 2016 formation, the AMAC Foundation Social Security Advisory Service has answered thousands of questions from those seeking guidance with their Social Security options. Most of the questions have been about personal benefit options (when to claim Social Security and questions about…
Social Security Insolvency: The News Got Worse
Many Seniors are already on edge about Social Security! If you pay attention to public media, you are surely aware that the Social Security Trust Funds are forecasted to run dry soon. Last year’s projection by the Trustees of the…
Will the Social Security Earnings Test Go Away?
Addressing an issue which has been a topic of Congressional discussion for quite some time, a legislative proposal known as the 2026 Senior Citizen Freedom to Work Act proposes to eliminate the penalty for those who exceed certain income limits…
Warren Buffett on Social Security Reform
One of the financial world’s most seasoned icons is on record with opinions on key changes that should be considered to address Social Security’s insolvency. These opinions were recapped in a recent post by The Motley Fool contributor and Certified…
Ask Rusty – Should I collect SS now or wait two years until age 70?
Dear Rusty: I am 67 and 9 months old, collecting a modest SS survivor benefit with plans to collect my own much larger benefit at age 70. I was confident this plan was a good one; but recent turbulent events make…
Further Means Testing Recommended for Social Security
As the projected date of trust fund full depletion moves closer–it’s most recently been estimated for 2032, a mere six years away–activity on the proposal front is building. This is certainly a welcome trend, given the lack of attention Congress…
Have politicians “raided” the Social Security Trust Funds?
The AMAC Foundation has a keen interest in promoting a full understanding of America’s Social Security program and operates a robust Advisory Service featuring a staff of trained and accredited professionals equipped to help seniors navigate the program’s complexities. This interest goes beyond the benefits participants have earned as taxpaying members of…
Is a cap on Social Security benefits the answer
The Committee for a Responsible Federal Budget (CRFB), a nonprofit organization dedicated to educating the public on issues related to significant fiscal policy, has published a white paper calling for legislation to limit the highest payouts to wealthy beneficiaries in…
Who Will Solve Social Security’s Financial Crisis?
Congress has been kicking this can down the road for a long time. For several decades, the Trustees of Social Security have warned, in their annual report to Congress, that Social Security is facing a financial crisis. For many years,…