Headlines
On Insolvency: “Take it seriously, but don’t panic”
As we’ve noted repeatedly on this website, Social Security’s impending insolvency is now a mere six years away. This reality is no new revelation, since the problem has been on Congress’s radar since the late 1980s. It’s just that with…
Dealing With Social Security’s Insolvency
A Pathway for Congress to Act? After decades of procrastination on what is now looming as a financial catastrophe for millions of vulnerable Americans, Capitol Hill appears to be awakening to Social Security’s financial crisis and the critical need for…
What to consider if you’re becoming an Expat
You’re considering becoming an expat; you are not alone. Over 760,000 retirees receive Social Security abroad, a number that has grown sharply in just two years. In 1974, only 10 percent of US citizens expressed interest in moving abroad. By…
A better way to fund Social Security?
With the national debt rising to over 100 percent of GDP and Social Security’s impending insolvency, lawmakers will be forced to implement efficiency-enhancing reforms. One of the many proposals is to uncap the payroll tax, which would lift the cap…
The Stop Social Security Garnishment Act of 2026
Social Security benefits are generally protected from garnishment, but legal exceptions exist. On August 17th, Sen. Bernie Sanders (I-Vt.) introduced legislation to prevent the federal government from garnishing Social Security benefits of seniors for unpaid student loan payments. The Stop…
What a typical couple’s retirement really costs
Based on federal data, a typical American couple aged 65 or older needs about $1.16 million saved to retire comfortably. According to an analysis by Investopedia, the nest egg a couple needs ranges from $800,000 to about $1.33 million, depending…
The Value of Social Security Knowledge
Here at the AMAC Foundation[1], we are keenly aware that knowledge about Social Security will help everyone choose a course of action which is best for their financial wellbeing. At times, it is someone who is looking ahead to retirement…
Today is Social Security’s 91st Birthday!
Although this article is titled somewhat pessimistically (will this be one of Social Security’s “last birthdays”), it includes an analysis by the Committee for a Responsible Federal Budget (CRFB) which is actually a very comprehensive evaluation of the financial issues…
An Important Question: When to Claim Social Security?
About 25 million American’s are between age 55 and 62, meaning that most in that age group are contemplating a very important decision they will soon need to make. As they approach Social Security’s “early eligibility age” (age 62), most…
Understanding Social Security’s “dual entitlement” rule for Spouse and Survivor Benefits
Here at the AMAC Foundation’s Social Security Advisory Service, we get thousands of Social Security and Medicare enrollment questions each year, either to our national call center (1-800-750-2622) or via email to SSadvisor@amacfoundation.org. We answer all questions promptly and without…