Social Security
Ask Rusty – Why Must I Pay Into Social Security when I’m Collecting Benefits?
Dear Rusty: I am collecting full Social Security benefits at age 72 and also working full time. Why is the Federal Government still taking money from my paycheck? I have written to Social Security experts on this issue, and they…
Re-thinking Your Initial Claiming Decision–Two Available Options
Claiming Social Security benefits before full retirement age remains statistically more popular and, even more significant, very few new claimants wait to age 70 to obtain maximum monthly payouts. If you are in either of these two categories, it’s important…
Working After Filing for Benefits–Some Important Things to Know
Based on the many workforce reports continually surfacing, it’s no surprise that the number of Americans rejoining–or staying in–the labor force after drawing their earned Social Security benefits is increasing. In fact, as noted in a Kiplinger.com post by David…
You Cannot Live on Social Security Alone
The disparity is huge – the maximum Social Security benefit for 2024 is $4,873, while the minimum 2024 SS benefit is a mere $50.90. And it sure would be a lot easier to live on the higher amount than the…
Overpayments: A Continuing Social Security Controversy
It has been widely reported that Social Security is trying to recover billions in overpaid benefits. Indeed Congressional hearings have been held with Congress drilling Social Security on the processed being used and, especially, the reasons that some benefits are…
When Should You Claim Social Security?
Ahh, the age old question, and the one most frequently asked of the AMAC Foundation’s Social Security Advisory Service – “When should I claim my Social Security?” This Bankrate article by James Royal, Ph.D., explores that question in depth, revealing…
Social Security: The power of delaying
In simplistic terms, the earlier you claim Social Security the smaller your benefit will be; the longer you wait to claim the higher your monthly payment. Reduced SS retirement benefits can be claimed as early as age 62, and your…
Social Security: How Much Will You Get?
Social Security is, inarguably, America’s most important retirement program. You work your whole lifetime contributing to the program, in return for a guaranteed income when your working days are over. And your SS retirement benefit lasts for the rest of…
Hope for the Best; Plan for the Worst
According to a recent survey, 41% of older Americans believe that Social Security won’t exist in its current form for their entire retirement. Probably not an unusual statistic, considering the media attention lately given to Social Security looming financial issue.…
About Fixing Social Security’s Finances
More and more organizations are sounding the alarm – an alarm that the Association of Mature American Citizens (AMAC) has been sounding for years – that Congress must act soon to fix Social Security’s looming financial issues. This InvestmentNews article…