Social Security
Migrant Contributions to Social Security
Millions of migrants living in the United States illegally pay into Social Security but are not eligible to collect it. Mass deportations could affect the financial solvency of the program. Jeff Arnold for NewsNation explains here… As an example of…
Is There a “Best” Age to take Social Security benefits?
There are many perspectives on this question. Here at the AMAC Foundation, we tell people to consider their finances, health and family longevity when making the decision. The hard part of this is that no one knows when they will…
Are you Ready for Retirement?
Jeffrey Quiggle discusses Social Security and 401(k)s with best selling author Suze Orman. Social Security is not enough and could possibly be reduced in 2033. How can you be prepared for a cut in benefits? Read here… As an example…
How Should Social Security be Reformed?
According to an Article by Marc Gulberti the Social Security Fairness Act will harm the budget and create roadblocks in the future, while government retirees will get overly generous Social Security benefits that no other senior citizens in the country…
Effect of Eliminating Taxes on Social Security Benefits
It’s true that no longer paying federal taxes on Social Security benefits would put more money in Senior’s pockets. However, what would the impact be on Social Security if this avenue of income stopped coming in to the Trust Fund.…
A Clear Perspective on Whether or Not Congress has Stolen From Social Security
The popular opinion you may see on Social Media is that Social Security’s financial woes are caused by the fact that Congress stole money from Social Security and never paid it back. What is the real reason for the situation?…
Social Security Bridging Strategy–Will it Work For Your Situation?
Planning a strategic approach to a Social Security claiming strategy requires serious thought and discussion with qualified advisors and. Depending on your situation, a “bridge strategy” is often recommended to maximize benefits conveniently. In simple terms, a “bridge strategy” is…
Now’s a Good Time to Review Your Social Security Information
It’s the start of a new year, so before time gets away from you, now might be a good time to re-examine the information you’ve been accumulating relative to Social Security. Even if you’re not ready–or able–to file for benefits,…
3-year Treasury/SSA Fraud Prevention Interaction Produces Results
In these days of trillion-dollar discussions involving Social Security’s long-term financing, it may not be that big a deal, but the recovery of millions of dollars of improper payments to deceased individuals is still worthy of note. Current projections are…
A Quick Review of Basics and the Common Mistakes Folks Make on Social Security
“Common Social Security mistakes and what you need to know” is the theme of a post on Fox2Detroit’s Wealth Wednesday segment. The post features an interview with the Retirement Education Foundation’s Michael Masserant discussing the importance of understanding all of Social…