Headlines
Social Security’s Financial Woes
The year 2021 was a milestone year for Social Security. Something that hasn’t happened for nearly 4 decades once again occurred in 2021 – Social Security took in less money than it paid out. The numbers by themselves may not…
Washington’s Birthday, or “President’s Day”?
Is the holiday Americans celebrate today called “Washington’s Birthday” or “Presidents Day?” Although, especially in recent years, “Presidents Day” seems to have become the most common way this day is referred to, reality is that this special commemorative day officially…
Bringing Social Security Reform Into Focus
While still far from a bipartisan agreement on Social Security reform, two U.S. Senators are pushing Congress to establish special commissions to seek needed reform of the Social Security program, as well as Medicare and the Highway Trust Fund. With…
AMAC Foundation Releases 2021 Annual Report
The AMAC Foundation’s 2021 Annual Report has received Board approval and is now available for inspection on the Foundation website’s Resources page. The report recaps the Foundation’s activities for the year, emphasizing the momentum built during its eight years of…
Commission on Long Term Social Security Solvency Proposed in New Bill
Wibw.com Digital Producer Sarah Motter, in a post on their website, takes a look at H.R. 6581 introduced by Rep. Tom Cole (OK-04) and co-sponsored by Rep. Jake Laturner (KS-2). The bill, introduced earlier this month, calls for a 13-member…
Social Security Field Offices May Re-Open Soon
Word on the street is that the Social Security Administration is considering a return to face-to-face service at its field offices around the end of March, two years after closing in the face of the COVID-19 pandemic. Barring any further…
Sen. Joe Manchin Weighs in on Social Security Solvency
Recapping remarks by West Virginia Senator Joe Manchin on a WV Metro News program, politico.com reports that the Senator supports raising the Social Security taxable earnings base as a solution to the program’s solvency problem. Manchin’s remarks were echoed in…
Social Security “bridge” strategy
What would happen if employers could increase the availability of lifetime income? How? By adopting a Social Security “bridge” strategy within the 401(k) plans that they offer their employees. A recent study by the Center for Retirement Research at Boston…
Hand-in-hand into the golden years
For some couples, retirement means reconnection, while others continue the same as always, whether good or bad. Researchers have found “part of successfully planning for retirement depends on how directly involved your partner is in your retirement planning decisions and…
What can Congress do about Social Security’s funding issue?
The Social Security Administration reports as of December 2021, over 56 million people were collecting Old-Age and Survivors Insurance (OASI) or better known as Social Security benefits, and a little over 9 million people were collecting Social Security Disability Insurance…