Headlines
Happy Thanksgiving From the AMAC Foundation!
“Perhaps no custom reveals our character as a Nation so clearly as our celebration of Thanksgiving Day. Rooted deeply in our Judeo-Christian heritage, the practice of offering thanksgiving underscores our unshakable belief in God as the foundation of our Nation…
Make financial decisions based on facts, not fear or misinformation
There is one big decision you’ll make that will affect your retirement: When you start taking Social Security benefits. For some elderly Social Security beneficiaries, 21 percent of married couples and about 45 percent of unmarried persons rely on Social…
HSAs and holistic financial wellness
An average retired couple age 65 in 2020 may need approximately $295,000 saved (after tax) to cover health care expenses in retirement according to the Fidelity Retiree Health Care Cost Estimate. You may want to consider a Health Savings Account…
How is Social Security funded? Is the program in trouble?
According to a 2015 Gallup poll, many Americans don’t believe they will receive their full promised Social Security retirement income benefits. With complexity and confusion that surrounds financing of the trust fund, it makes it difficult for individuals to understand…
The Social Security Solvency Dilemma in Numerical Perspective
As we’ve pointed out in several headline posts on this site over the past few weeks, the 117th Congress will hopefully set a high priority on addressing Social Security’s impending solvency problem. After all, while it’s not a new issue,…
Elder Index Helps Highlight Importance of Social Security Solvency
The issue of Social Security’s steadily vanishing trust fund reserves is well known in Washington and sets the stage for serious discussion when the 117th Congress convenes in January. And it’s a matter of considerable urgency, since while the “official” projection…
Examining the Biden Platform’s Social Security Tax Plan
As we’ve been saying for some time on this website, Social Security reform is likely to take on a new level of priority when the 117th Congress opens up for business in January. And the Joe Biden campaign platform included a…
Biden Administration Spending Plan Has One Common Denominator: Social Security
Writing on thehill.com, Douglas Carr, a financial markets and macroeconomics researcher with experience as a think tank fellow, professor, executive and investment banker, takes a look at what could constitute a spending wish list for president-elect Joe Biden, suggesting that there…
An Opportunity for the Next Presidential Administration
Looking ahead to the next Presidential Administration, it’s clear that despite the post-election unknowns, America’s Social Security program occupies a place of prominence on the list of critical issues. Although “officially” targeted for insolvency by 2035, most financial analysts who’ve…
AMAC’s Revamped Social Security Guarantee Now More Important Than Ever
The election may be in the rear view mirror, but Social Security’s long term problems await action by the President and Congress. AMAC believes the promise to guarantee Social Security for all Americans must be kept. Our goal since first…