Headlines
Millennials won’t rely on Social Security. That’s probably a good thing.
Megan Leonhardt of CNBC reports the findings of recent studies showing that Millennials (born between 1981 and 1997) are not planning to rely on Social Security to fund their retirements. If only all generations thought that way. Social Security is an…
Pandemic reinforces need for savings & AMAC’s Social Security PLUS plan
If anything was laid bare by the Covid-19 mandatory closures, it was the savings Americans should have had in the bank but did not. Financial experts have been near unanimous for decades that everyone needs six months of income readily…
Social Security Cuts Are on the Table
Anyone who tries to convince you that Social Security is just fine and thus must be left alone is not telling the truth or has no idea how bad things are. Cuts are on the table. But like any buffet,…
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…