Headlines
Enjoy Your Labor Day Holiday!
The editorial staff of the AMAC Foundation’s Social Security Report wishes you a peaceful and relaxing Labor Day Holiday. Take time to be with friends and family and enjoy the day, and reflect on the contributions that our workforce has…
Reflections on President Trump’s Executive Order on Retirement Savings
As the Labor Day Holiday Weekend arrived, President Trump traveled to Charlotte, North Carolina to officially sign his latest Executive Order, “Strengthening Retirement Security in America.” As explained in the numerous media accounts of the event, this presidential directive is aimed…
Social Security Reform: The Conversation Must Start Now!
In an article recapping sentiments expressed at a Capitol Hill pubic education session conducted by Funding Our Future, Investment News contributing editor Mary Beth Franklin stressed that the time is at hand to start the serious conversation needed to reform Social…
How Taxes Eat Away at Your Social Security Benefits
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” This enduring statement was penned by Benjamin Franklin in 1789, and rings true…
Social Security: There’s A Lot More Than Meets the Eye
Social Security is big…and complicated. There are more than 2700 separate rules that govern who gets what, and there are thousands of pages of documentation (called the Social Security Administration Program Operations Manual System (POMS)) in support of these rules. The…
Understanding the Social Security Trust Funds
So much is written these days about Social Security’s long-term solvency problem, with this year being a landmark year in the relentless march toward the currently-projected 2034 depletion of Trust Fund reserves. 2018 is the first year in which the…
Thoughts on Social Security and its “Rate of Return”
In a post on www.dailysignal.com, Heritage Foundation writers Rachel Greszler and Julia Howe take aim at the “rates of return” produced by Social Security, drawing a conclusion that “Despite its popularity, Social Security typically provides very low—and in many cases, negative—rates of…
Penn Wharton: National Debt Worsens Social Security Outlook
The Wharton School of Business at the University of Pennsylvania recently weighed in on the Social Security solvency dilemma, shining an even dimmer light on the program’s impending solvency crisis. As explained in a post by Solano County (California) Daily Republic’s…
Are you a “worry-wart” when it comes to retirement savings?
The phrase “America has a retirement savings crisis” has been a headline blared in many a financial services magazine for years now, emphasizing that far too many workers don’t plan well for retirement and come up way short of where…
Fighting for the Social Security you’re entitled to
The Social Security Administration is a huge organization with offices across the country, staffed by thousands of individuals who are – guess what – capable of making mistakes. That’s shouldn’t really be surprising, but most of us look at the…