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Have politicians “raided” the Social Security Trust Funds?
The AMAC Foundation has a keen interest in promoting a full understanding of America’s Social Security program and operates a robust Advisory Service featuring a staff of trained and accredited professionals equipped to help seniors navigate the program’s complexities. This interest goes beyond the benefits participants have earned as taxpaying members of…
How Social Security could change your future
It’s essential to recognize that Social Security is designed to replace approximately 40 percent of the average worker’s pre-retirement income. However, approximately 21.8 million seniors rely solely on Social Security for their income, while nearly three-quarters of seniors depend on…
The Case for Lifetime Income
Although retirement savings have grown, most systems still leave individuals to manage the risk of outspending or outliving their savings on their own, according to the “The Case for Lifetime Income” research paper by the Prudential/Global Aging Institute. “Retirement security…
Is a cap on Social Security benefits the answer
The Committee for a Responsible Federal Budget (CRFB), a nonprofit organization dedicated to educating the public on issues related to significant fiscal policy, has published a white paper calling for legislation to limit the highest payouts to wealthy beneficiaries in…
Is claiming Social Security 65 right for you
You can apply for Social Security retirement benefits starting at age 62, with the option to delay until age 70 to increase your monthly payments. Filing at age 62 results in a permanent reduction of your monthly benefit compared to…
Demystifying When to Claim Social Security Retirement Benefits
Claiming Window is 8 Years Long Perched high on our list of Frequently Asked Questions is this: “When should I claim my Social Security retirement benefits?” That’s not surprising, since there is an 8 year window, starting at age 62 and ending at age…
A Resource for You; A Mission for Us
Every story begins with a vision. And almost every vision begins by recognizing a problem that needs fixing. Such is the case with this story – one of a problem recognized some years ago, which resulted in a vision, which…
The Financial Status of Social Security
Is Social Security really “going broke?” Well, it is not, because SS benefits will always be there as long as American’s are working and contributing to the program. But Social Security IS facing financial issues in about 6 years because…
SSA Commissioner Enhancing Services while Reducing Fraud and Waste
Frank Bisignano, a successful and proven business executive, was appointed by President Trump last year to head up the Social Security Administration (and some time later, also the Internal Revenue Service). Since his appointment, Commissioner Bisignanco has been focused with…
How Fair is the “Social Security Fairness Act?”
What is the Social Security Fairness Act? With considerable fanfare, following many years of lobbying from public service unions and affected constituents, Congress passed, and President Biden signed, in the final days of his administration, the so-called Social Security Fairness…