Headlines
Another Warning on the Use of Debt to Address Insolvency
Social Security’s looming insolvency is causing a stir in Washington, with Congress beginning to wake up to what could happen in about six years. Of course, as everyone knows, the recent news of an accelerated insolvency date is not “news”…
Social Security Benefits and Income Taxes–An Indepth Explanation
At this point, it’s pretty well understood that the 2025 “One Big Beautiful Bill Act” provided a “bonus” income tax deduction intended to offset (for most seniors) the impact of federal income tax levied on Social Security benefits. It’s also…
Survey: Retirement Benefits and Worker Retention Linked
It’s no secret that traditional defined benefit plans are largely a thing of the past and that individual wealth-building poses significant challenges for many future retirees. With this as a backdrop, it’s no wonder that the results of a Prudential…
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 17 th , Sen. Bernie Sanders (I-Vt.) introduced legislation to prevent the federal government from garnishing Social Security benefits of seniors for unpaid student loan payments.…
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…