Headlines
As Insolvency Moves Closer, Alternatives are Surfacing
As nearly everyone following Social Security’s financial plight is aware, the 2025 Social Security Trustees Report highlighted the loss of three calendar quarters in the time buffer between now and full depletion of the program’s trust fund reserves. The Old…
The Trustees Have Spoken…Let’s Look at the Numbers
As noted last week on this site, the Social Security Board of Trustees has published its report on the program’s 2024 operations. As expected, the bottom line highlights further deterioration in Social Security’s reserve funding status, with the forecasted depletion…
A Look Back at Bush’s Proposal to Keep Social Security Solvent
In 2004 President George W Bush proposed a partial privatization and sweeping overhaul of Social Security. Evan Simonoff for FA Financial Advisor takes a look back to see if that proposal would have helped the situation Social Security is in…
2025 Social Security Trustees Report
The latest Trustees Report confirms what we’ve known for years: Social Security is on an unsustainable path. The combined trust funds are projected to run dry by 2034, just nine years from now. After that, the program can only pay…
Tax Deduction : $4,000 or $6,000?
The Big Beautiful Bill passed the house with a provision for an additional $4,000 tax deduction for seniors age 65 and over. This is a roundabout way to help cut taxes on Social Security Benefits. The Senate is now perusing…
Social Security taxes
Social Security is one of the biggest political issues which must be addressed soon. President Donald Trump wanted to eliminate taxes on Social Security but he was unable to do that with his “Big Beautiful Bill”. Adam Levy for The…
Social Security Garnishment for Overpayments and Student Loans
During Donald Trump’s presidency, the federal government continued and, in some cases, intensified efforts to claw back funds from Americans through Social Security overpayment collections and federal student loan enforcement. Social Security Overpayments Under Trump, the Social Security Administration (SSA)…
Medicare changes in the “one big beautiful bill”
While it isn’t yet approved by the U.S. Senate, the much heralded “one big beautiful bill” (2025 H.R.1), in its current form, provides some significant improvements for the nation’s Medicare program. Specifically the bill: ** Relaxes current restrictions limiting Health…
Social Security: Knowledge is key!
Here at the AMAC Foundation’s Social Security Advisory Service, we routinely answer questions from those about to retire and claim Social Security and, as a non-profit entity, we do so for free. Our advice is based upon both formal education…
Is Social Security Going Broke?
Well, no, it is not. But it is facing some serious financial issues which will come to a head in about 8 years, unless Congress acts soon to reform the program. Fact is, Social Security spends more money than it…