Headlines
The Drawbacks of Social Security Privatization
Privatization has been shown to save governments money in many instances. When it comes to Social Security, there have not been serious discussions on privatizing the program since about 2005. The idea does sound plausible on its face, as it would give workers more…
A novel thought: Cutting Social Security benefits a good thing?
Now before you jump to conclusions, take into consideration that the current Social Security benefit program is unsustainable, as reported in the latest Social Security Trustees’ Report release last June. And also keep in mind that it’s highly improbable that…
Immigration and Social Security
The Bipartisan Policy Center (BPC) recently released the results of its study on immigration and its potential influence on the Social Security solvency dilemma. Calling “increased immigration a powerful policy tool in the effort to maintain the Social Security program,” BPC authors…
A Time for Thanks, and a Time for Safety
Since 1863, when President Abraham Lincoln proclaimed Thanksgiving Day to be a national holiday, families have gathered on that holiday to express gratitude for the blessings they’ve received. Lincoln’s proclamation set the day for observation as the last Thursday of the month,…
Social Security: Thinking About Filing?
Every day, thousands and thousands of Americans reach that point where they are eligible for Social Security retirement benefits, either at the earliest possible age (62) or their full retirement age (generally 66 or 67, depending on birth date). Arrival…
A High-Level Look at Social Security’s Health
Jeremy Glaser (Morningstar Senior Director, Editorial), discusses a variety of issues associated with Social Security in an interview with Tim Steffen Baird’s Director of Advanced Planning on www.morningstar.com. The first part of the interview deals with the Medicare hold harmless provision and its…
The National Debt Crisis. Hard Rain Ahead.
Just five years from now, the U.S. will pay more to service its national debt than it spends on national defense, according to Congressional Budget Office projections. In the words of Ben Shapiro, editor-in-chief of The Daily Wire, “there will be fiscal…
Social Security at the Tipping Point
2018 brought with it what The Motley Fool’s Sean Williams refers to as an “undesirable inflection point”–a term used to describe a turning point in the historical progress associated with Social Security. Here at the AMAC Foundation, our Social Security…
Surprise! Your Social Security Benefits Can be Taxed
It comes as an unwelcome surprise to many new Social Security beneficiaries, but the truth is your monthly benefit may be subject to federal income tax. In fact, it’s not only possible, it’s likely, since more than half of current…
Social Security and your future retirement
A recent Gallup survey revealed that more than half of those not yet retired doubt that they’ll get any Social Security benefits when their career ends. Although widespread, this skepticism about the program’s future may be unfounded, mainly because of the…