Social Security
The Social Security Fairness Act – Patience is suggested
With the enactment of H.R. 82 – the Social Security Fairness Act – many are wondering what affect, if any, this new law may have on their personal Social Security benefit. For starters, you should know that unless you have…
For Federal Retirees affected by WEP and GPO
H.R. 82 – The Social Security Fairness Act – was signed into law earlier this week, eliminating Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions reduced Social Security benefits for anyone with a “non-covered” pension,…
Explaining the 2025 Full Retirement Age Change
You’ve probably seen a flurry of media accounts about the New Year bringing a change to the Social Security full retirement age (FRA). While it’s true that the coming year will set a new marker for those born in 1958…
The 2025 COLA’s Here, But There’s Continued Disappointment
An uptick in the inflation rate since the determination of 2025’s Social Security cost-of-living adjustment (COLA) indicates that the 2.5% benefit increase may have underestimated the growth in prices facing Americans last year. The Motley Fool’s Trevor Jennewine offers conjecture…
AMAC Foundation Assists Major News Organization
The 11th-hour Congressional approval of The Social Security Fairness Act—House Bill HR 82—has generated a burst of attention across the media, with dueling positions either supporting the decision or speaking out against it. In the middle of the controversy is…
Ask Rusty – About Investing Social Security Money in the Stock Market
Dear Rusty: For most folks collecting Social Security, you get back what you put in within 3-5 years, so for those that scream – “SS is not an entitlement, it is my money”- that is not entirely accurate beyond 3-5…
Will 2025 be your year?
This year will be important for those individuals born in the last eight months of 1958 and the first two months of 1959. Why; because they will be reaching their full retirement age. When you reach your full retirement age…
Resolve to Protect Yourself From Scams This New Year
(Source -By William Bardin, Acting Associate Commissioner for the Office of Program Integrity of The Social Security Administration) As we welcome in the new year, let’s make protecting ourselves against scams a top priority. Ring in 2025 with some smart…
A new year but the same solvency issues linger
A new year, but the same old problems linger. Social Security continues a problematic path with looming insolvency and benefits cuts as soon as 2033; that is only eight years away. What about Medicare? Medicare Part A (Hospital Insurance or…
Have you already paid your taxes for 2025
In the wee hours of New Year’s Day, over 229 Americans had already paid their Social Security tax for 2025. Compare this to the 164 million Americans who pay Social Security tax all year long. If there were no cap…