Headlines
Did Politicians Steal Social Security Money?
It’s a nearly constant myth we hear at The AMAC Foundation – that Social Security’s financial woes have been caused by greedy politicians who stole the money to use for other nefarious purposes. We’ve written and published articles debunking this myth…
Bernie Sanders’ Social Security Plan overlooks a number of ongoing demographic changes
We all know Social Security is in trouble. The program is expected to experience its first net cash outflow this year. According to the 2019 report from the Social Security Board of Trustees, if things continue, the program will exhaust…
When delaying Social Security doesn’t make sense
Claiming your Social Security benefits at your full retirement age (FRA) is not mandatory. You are allowed to file for your benefit as early as age 62, the most popular age, or you can delay benefits until you turn 70.…
Not understanding this aspect of Social Security could be a mistake
According to the recent survey by the American Advisors Group, approximately half of baby boomers expect Social Security benefits to be their primary source of income in retirement. So, if you are expecting your Social Security to play a significant…
Are you sabotaging your Social Security benefits?
The Social Security Administration reports that approximately half of married couples rely on Social Security benefits for at least 50 percent of their income in retirement and close to one-quarter depend on their monthly checks for 90 percent or more…
Married couples have the most flexibility when it comes to collecting Social Security benefits
When it comes to collecting Social Security benefits, married couples have the most flexibility. The best strategies depend on the relative ages and individual earning histories of the spouses but in most cases, it makes sense for the higher-earning spouse…
“Lifestyle creep” can derail retirements
Catherine Brock reports on the newest trend keeping people from having adequate savings in retirement. It’s called “Lifestyle Creep.” In short it involves spending more money as you make more money. Doing that prevents people from getting ahead as they forgo saving…
Are There Cuts to Social Security & Medicare in Trump’s Budget or Not?
When Democrats proposed cuts in the growth of future Medicare spending in the era of Obamacare, they were criticized by the GOP for hurting the program and seniors. The rhetoric is now reversed. Who’s right? On Medicare, clearly reducing the growth in spending is in…
Does Bloomberg Really Want to Cut Social Security?
Yesterday we posted an article suggesting Mike Bloomberg was being timid on Social Security, dodging the structural reforms necessary in favor of the same, politically palatable benefit increases that most other Democrat candidates also suggest. But, now The Extreme Left has him in…
What Mike Bloomberg Wants to Do to Your Social Security
The former mayor of New York has certainly created quite a stir in the Democrat primaries, but what would Mike Bloomberg do to rescue Social Security, a program headed for insolvency in just over a decade? Answer–not very much. While…