Headlines
10 Ways COVID-19 Will Affect Social Security
The current pandemic is more than just a physical threat to public health. It is a financial threat to the nation’s most important public program–Social Security. Sean Williams notes ten ways that the crisis will hurt the program. Most notably,…
The Social Security Solvency Dilemma: One View of a “Surefire” Fix?
Social Security’s long-term financing woes are garnering increased attention again, with the economic devastation accompanying the COVID-19 pandemic providing more fuel to the fire. While the most recent report by the Social Security Board of Trustees reiterated the 2035 end-date for depletion of…
The Coronavirus Impact on Social Security
It’s certainly no secret that the COVID-19 pandemic has devastated the U.S, economy, with tens of millions of workers joining the ranks of the unemployed, consumer spending disappearing, and many employers likewise disappearing. Although the U.S. financial markets are recovering…
Joe Biden’s Pathway to Social Security Reform Analyzed
In an article by Contributing Editor Jane Wollman Rusoff on Thinkadvisor.com, William Reichenstein examines the ideas set forth by presumptive Democratic presidential nominee Joe Biden to preserve and strengthen Social Security. Reichenstein, head of research at Social Security Solutions, Inc. and Retiree, Inc. and Baylor…
A Contrarian’s View of Social Security
It’s often assumed that because Social Security is a universal program, in that most Americans pay into the system, it would have universal support. Not so. John Tamny, editor of RealClearMarkets, is critical of Social Security for even existing. His article…
Now Available: Recordings of AMAC Foundation’s Social Security Radio Programs
The AMAC Foundation recently hosted a daily drive-time radio show on WFAX and WFAX.com, a Falls Church-based AM/FM station serving Virginia, Maryland, and the Washington, D.C. metropolitan area. The daily half-hour program, titled “Senior Talks: Deciphering the Social Security Maze,”…
SS Trust Funds May Run Dry Sooner
Although the most recent report from the Trustees of the Social Security Trust Funds projected 2035 as the date the funds would run dry (forcing an across-the-board 21% cut in benefits), the reality of the pandemic will almost certainly move…
Opinion: SS Recipients Losing Buying Power
For those heavily dependent upon Social Security – and that’s nearly everyone over the age of 65 – the pandemic is wreaking havoc on their buying power, and next year’s COLA (cost of living adjustment) will do little or nothing…
Social Security in Today’s Retirement Planning
Social Security has always been an important element in retirement planning, part of what is often called the “three legged stool” – pension plan, savings and Social Security. But the defined benefit pension plan is rapidly disappearing from the corporate landscape,…
Next Year’s COLA Increase In Jeopardy
With the American economy ravaged by the COVID-19 pandemic, along with a severe drop in gas prices since the beginning of this year, seniors on Social Security may find that the annual Cost of Living Adjustment (COLA) which increases their Social…