In 2013, AMAC—The Association of Mature American Citizens—took a big step with the creation of the AMAC Foundation, Inc., a registered 501(c)(3) non-profit entity designed to serve Americans. The Foundation’s mission is to help protect and ensure the financial security, health, and social lives of current and future mature Americans, and to help Americans navigate the bewildering array of decisions they need to make.
The Foundation’s projects and plans include providing factual information that improves understanding of the positive value of Social Security and Medicare and the current and long-term challenges these programs face, as well as providing interpretations by Certified Social Security Advisors through AMAC publications, workshops, webinars, podcasts, and telephone support.
In addition, the Foundation serves all Americans in a variety of capacities, including provision of a source of education on the principles of American Free Enterprise, long-term retirement financial planning, and preparing for life—and potential employment—after retirement.
We invite you to learn more about the Foundation and its operations at www.AmacFoundation.org
In a move designed to assist employees in protecting the privacy of their personal financial data, the Internal Revenue Service (IRA) has authorized employers to redact the first five digits of employees’ Social Security numbers on Forms W-2 produced after 12/31/2020. The ruling–Treas. Reg. § 301.6109-4–applies to the employee copies of the document (copies B and C), while Copy A will still need to contain the full Social Security Number. Read the details of this ruling here…