Social Security
No cuts to Social Security and Medicare
With all the political rhetoric in the news and social media that Republicans will cut Social Security and Medicare programs, a leading republican says, no, these programs are off the table with respect to budget cuts. James Comer, House Oversight…
Raising the retirement age
Choosing when to start receiving your Social Security retirement benefits is an important decision that affects your monthly benefit amount for the rest of your life. For those born in 1960 or later, your full retirement age is 67 to…
Ask Rusty – About Social Security’s “First Year Rule”
Dear Rusty: I’m considering filing for my SS at age 64 in February, before my full retirement age of 66 years and 10 months. I’m working full time and would like to continue earning until I meet the $21,240 limit…
House Resolution Affirms Importance of Social Security to Americans
In a Resolution issued yesterday, Congresswoman Beth Van Duyne (TX-24) and Congressman Michael C. Burgess, M.D. (TX-26) took steps to stress the importance of Social Security to the lives of more than 60 million Americans. Their Resolution describes Social Security…
Social Security and the National Debt: “Fact Checkers” Weigh In
Social Security is in the spotlight these days, both with respect to its long-term solvency problem and its relativity to the debt ceiling fight now underway. One can argue that Social Security has no direct bearing on federal debt, since…
Retirement Finance Strategies–“Bridging” Might be a Way to Maximize Your Position
The general emphasis on waiting as long as possible to claim Social Security benefits is something many aging into eligibility hear from advisors, and it’s clear that taking advantage of the program’s “delayed retirement credits” produces the highest monthly benefit…
The Argument on Who Said What About Cutting Social Security Rages On
An article posted today on thehill.com by Brett Samuels showcases the ongoing feud between the Biden administration and members of Congress on the allegations of intent to cut Social Security. In this post, the dialog between the White House and…
It’s Tax Season–And Social Security Taxation is Again in the Picture
The fact that Social Security benefits may be subject to federal income tax comes as a surprise to many first-year beneficiaries, and it’s certainly not a pleasant surprise. The taxation of benefits is a net that is capturing more and…
Lost Your Social Security Card? No Worries…Here’s What to do.
It’s not something that you carry with you everywhere…in fact, most sources advise you not to do that…but there are those times when you might need to produce your physical Social Security card. Like for many folks, the whereabouts of…
Considering Filing at 62? Don’t Rush, says this analyst
One of the most frequent questions we receive at the AMAC Foundation’s Social Security Advisory Service from folks approaching age 62 is simply, “Should I begin drawing benefits?” We respond with a discussion on the implications of early filing versus…