Social Security
Are you ready for these changes to Social Security?
“The Only Constant in Life Is Change.”- Heraclitus. That is true when it comes to the Social Security program as well. The Social Security program will change in 2024, but those changes will not affect everyone. What are those changes?…
Ask Rusty – If My Wife Claims Now, Will It Hurt My Social Security Amount?
Dear Rusty: I am 69 years old, and my wife turned 70 early this year. I am still working full time. My wife is not working, but she got a letter from Social Security saying she should take her Social…
Why Retirement Planning is Important
With a growing number of Americans suggesting that our country is facing a “retirement crisis,” and specifically with younger workers expressing fears about financial security in their “golden years,” the general subject of financial planning for post-career living presents a…
Taxes, Taxes…Which States Tax Social Security Benefits?
While some states in recent years have changed or eliminated their taxation of Social Security benefits, it’s always good to know where this extra layer of tax is still in effect. GoBankingRates contributor Vance Cariaga, in a post on their…
Social Security Administration Feeling The Heat…AMAC Foundation Is The Answer!
Amid a steady stream of backlash and criticism, Social Security Administration (SSA) officials find themselves in a defensive stance as they deal with accusations of incompetence and poor service. Whether the disparaging assertions are related to excessive telephone wait times,…
Social Security’s Earnings Test—A Source of Confusion and Misunderstanding
The fact that claiming retirement benefits early can result in withheld payments if you continue to work comes as a surprise to many…and not a very pleasant one! A recent report by the Social Security Advisory Board, a bipartisan, independent…
Knowing How Your Benefit Increases (or Decreases) is Important
As most folks are aware, eligibility for Social Security benefits begins at age 62. What many folks are not aware of, however, is how much the benefit claimed at that age will be reduced from what would be available at…
A Reminder of the Benefits of a mySSA Account
Our AMAC Foundation Social Security Advisory Service stands ready and able to help the public with questions and concerns about this massive senior benefit program, but often we encounter situations where sensitive, personal information is needed to address problems. It…
The Good News and the Bad News on 2024 Social Security Changes
Social Security beneficiaries are looking forward to the 3.2% cost-of-living adjustment and, despite its comparison to the 2023 8.7% bump, the fact that it shows evidence that the brutal inflation of the past three years may be lessening. For those…
Senate Confirms Former Maryland Governor as SSA Commissioner
On a 50-11 vote, the U.S. Senate yesterday ended the two-year absence of a permanent Social Security Administration leader. Former Maryland Governor Martin O’Malley will assume the position of Commissioner for the agency, replacing acting Commissioner Kilolo Kijakazi and taking…