Social Security
Dissatisfaction with Social Security’s COLA Highlighted by Study
This isn’t really news, but many seniors have concerns about the 3.2% cost-of-living adjustment set to kick in next month. These concerns focus on a few well-known and frequently discussed criticisms of the current process, specifically that the adjustment is…
A Statistical Look at the “Worst” Ages to Claim Benefits
The question of when to file for Social Security retirement benefits is one of the most frequent queries we receive here at the AMAC Foundation Social Security Advisory Service. When responding, we typically begin our discussion with “Well, it depends,”…
The Social Security Rule That is Costing Seniors Billions
Kailey Hagen explains the chatter about what is changing for Social Security in 2024. Essentially it is the typical yearly changes tied to inflation that affect benefits, the wage base, and how much can be earned through working and collecting.…
Where does the GOP field stand on Social Security?
Savannah Kuchar of USA Today reviews the GOP presidential field and where they stand now and in the past on Social Security. One candidate called the program a Ponzi Scheme, one that should be privatized, and favored a retirement age…
Op-ed: Raising Social Security Retirement Age Can Help Ease Insolvency issue
Brenton Smith, a policy adviser to the Heartland Institute, explains there is no one solution to fix Social Security’s ills. The program will be unable to pay full benefits in about a decade. Raising the retirement age should be a…
AMAC: Social Security’s Very Real Problems Explained– in Plain English
This FAQ page was written by Jeff Szymanski, who works in political communications for the Association of Mature American Citizens (AMAC). He previously taught high school economics for 15 years and is a frequent writer on Social Security issues. The…
What does age 82.5 have to do with Social Security?
If people know anything about Social Security it is that you can claim it age 62, though all may not realize that comes with a permanent reduction. Fewer know that full retirement age is 67 (for those born 1960 or…
Ask Rusty – About the Fairness of “WEP” and “GPO”
Dear Rusty: I was married to my ex-husband for 30 years. For 14 of those years, I was an unemployed mom and community volunteer. After my sons were grown, I began teaching in California and earned a teacher pension. That…
House Ways & Means Set to Address WEP/GPO Concerns
House Committee on Ways and Means Chairman Jason Smith (MO-08) yesterday announced a field hearing scheduled for Monday, November 20 at 2:00 pm CST (3:00 EST) to receive public commentary on attitudes and viewpoints concerning the Windfall Elimination Provision (WEP) and…
Social Security Benefits Can be Reduced in Several Ways…It’s Important to Know the Rules!
Once the decision to file for Social Security benefits has been made, most folks weave the amount of their monthly payment into their financial picture and sit back for the long haul. That’s fine, but you need to understand that…