AMAC interested me right up to when I clicked on their “plan” for Social Security where my year group would be the first one to be fully hosed with the advance of the full retirement age to 69. Most plans I’ve seen at least exempt those over 55 but not theirs. My year group would also be hosed on the early retirement age.
They look to be wanting to make socialized security even more socialized. They want to redistribute even more money from those that work the hardest to those that earn the least.
IMO socialized security already does too much of that.
My hubby is 50 - if he works till 67, he’ll pay in close to $150,000 - his portion alone! Double that for his total contribution, including his employer’s portion. If he lives to 83, the average age for males, he’ll get a whopping $40,000 back for that extra $300k SS gets from him.
Our solution- quit work. We have enough saved and will work at part-time businesses we enjoy. We’ll have less stolen from us through SS and other income taxes, and can out up to $22.5k into 401ks to avoid confiscatory taxation.